How does the principal-agent relationship differ from the regular master-servant relationship? ...

Author Question: How does the principal-agent relationship differ from the regular master-servant relationship? ... (Read 26 times)

Wadzanai

Hero Member
Posts: 528

on: Aug 3, 2018

How does the principal-agent relationship differ from the regular master-servant relationship?

What will be an ideal response?

Question 2

Ratification is the acceptance or confirmation of a voidable act.

Indicate whether the statement is true or false

cclemon1

Sr. Member
Posts: 312

Reply #1 on: Aug 3, 2018

Answer to Question 1

The agent has the authority to contractually bind the principal to third persons.

Answer to Question 2

TRUE

Need homework help now?

Ask unlimited questions for free

Ask a Question

Wadzanai

Hero Member
Posts: 528

Reply #2 on: Aug 3, 2018

cclemon1

Sr. Member
Posts: 312

Reply #3 on: Aug 3, 2018

You're welcome

« previous next »

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

The relationship between pH, pKa, and the dissociation of an acid

This map shows the percentage of Protestants by state in Germany. When compared to the previous map

Data from more than 22,000 men over the age of 40, showing the relationship between birth weight and ...

Notice how clean the engine appears. This is a testament of proper maintenance and regular ...

A typical reaction in which NAD+ acts as an oxidizing agent

How to calculate regular payments or deposits using the annuity formula (Question 2)

Author Question: How does the principal-agent relationship differ from the regular master-servant relationship? ... (Read 26 times)

Related Topics

Need homework help now?