Which of the following best defines the law of agency?

A) The selling of another's property by a properly licensed brokerage company
B) The rules of law that apply to the responsibilities of a person who acts as agent for another
C) The principles that govern one's conduct in business
D) The rules and regulations of the state's licensing agency

Answer: B) The rules of law that apply to the responsibilities of a person who acts as agent for another

Business

You might also like to view...

During a presentation, you should normally avoid:

a. moving close to your audience b. moving to the other side of the room soon after your introduction c. moving past some people in your audience d. none of the above

Business

Which medium is associated with a low response rate and a high throwaway rate?

a. local magazine b. daily newspaper c. weekly newspaper d. direct mail

Business