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Author Question: What is the Law of Agency? What will be an ideal response?[br][br][b][color=#347235]Question ... (Read 77 times)

laurencescou

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on: Jul 6, 2018
What is the Law of Agency?
 
  What will be an ideal response?

Question 2

Cut scores are used to make final decisions regarding employee selection.
 
  Indicate whether this statement is true or false.
Entrepreneurship and Small Business Management ¦ Mariotti, Glackin ¦ 2nd Edition
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hugthug12

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Reply #1 on: Jul 6, 2018
Answer to Question 1

An agent (third party) is authorized to act on behalf of a principal (primary party) to create a legal relationship with another individual or business. Common agency relationships include employment, real estate, financial services, and promotion. Agency law is the branch of legal activity that addresses relationships between each party in a situation where one individual or company is authorized to work on behalf of another.

Answer to Question 2

Answer: TRUE


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