To be legally sufficient, consideration must be evidenced by something tangible
Indicate whether the statement is true or false
False
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Which of the following is true regarding the Consumer Product Safety Commission (CPSC)?
A. The agency was set up at the crest of the first wave of consumer protection. B. Congress gave it little autonomy. C. It is subject to presidential control. D. Its five commissioners have staggered seven-year appointments.
Which of the following statements is true of the duty of loyalty?
A) It requires agents to live up to the standards of performance expected of people in their occupation. B) It assigns an agent the duty to follow all reasonable and lawful instructions of a principal. C) It requires agents to keep accurate books that can be viewed by principals. D) It mandates that an agent act on behalf of one principal only to avoid conflicts of interest.