An agent performs the acts of an agent for two different parties in a transfer of property. He doesn't inform them of this because he is unaware both consider him to be their agent. He has fallen into:
a. accidental dual agency
b. ostensible dual agency
c. coincidental double agency
d. inadvertent double agency
Answer: b. ostensible dual agency
Business
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The purpose of a storm water drainage system is to:
a. carry rain water away from the property b. protect the property in case the local communitys sanitary sewer system fails, by providing a place for the sewage to go c. protect the property from underground springs d. do all of the above
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The economic-order quantity (EOQ) suggests the
a. right size orders to take. b. break-even point for storing inventory. c. break-even point for sales orders. d. right amount of inventory to store.
Business