When a principal accepts an offer presented by a licensee and agrees to pay a commission, even though no agency has been approved agency is created by:

a. estoppel
b. ratification
c. law
d. tradion

Answer: b. ratification

Business

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Label-switching routers bring ________

A) lower cost B) the ability to do traffic engineering C) quality of service D) all of the above

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A(n) ________ is a written agreement in which the owner of a piece of property allows an individual or business to use the property for a specified period of time in exchange for payments

A) assurance B) loan C) guarantee D) warranty E) lease

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