Author Question: An agency can be ended upon reasonable notice by: a. only the agent b. only the principal c. only ... (Read 54 times)

abc · **on:** Jun 24, 2018

An agency can be ended upon reasonable notice by:
a. only the agent
b. only the principal
c. only the party that initiated the agency d. either the agent or the principal
e. none of the other choices are correct

Question 2

Which of the following defenses by a surety will be effective to avoid liability?
a. Lack of consideration to support the surety undertaking.
b. Insolvency in the bankruptcy sense of the debtor.
c. Incompetency of the debtor to make the contract in question.
d. Fraudulent statements by the principal debtor that induced the surety to assume the obligation and that were unknown to the creditor.