Author Question: All of the following statements about the rules governing agency relationships are true EXCEPT A) ... (Read 53 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
All of the following statements about the rules governing agency relationships are true EXCEPT
 
  A) An agent must be authorized to act on behalf of a principal.
  B) An agency agreement may grant certain powers to the agent as well as denying the agent other powers.
  C) The principal is responsible for the acts of agents only if the acts are criminal.
  D) Knowledge of the agent is presumed to be knowledge of the principal with respect to matters within the scope of the agency relationship.

Question 2

Which of the following types of insurance policies can usually be assigned without the insurer's consent? I. Life insurance II. Property insurance
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II



jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

For a complete list of videos, visit our video library