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4 years ago

true or false An agent may continue to represent the principal even after the agency relationship is terminated.

Business

1 answer:

Annette [7]4 years ago

7 0

Answer:

False

Explanation:

Agency refers to a kind of agreement wherein the first party, known as the Principal confers a right on the second party, called an agent, to act on his behalf or as per his directions.

It establishes a fiduciary responsibility i.e that of a legal trust between the parties.

Once the agency agreement is terminated, the relationship between a principal and an agent ceases. Thereafter, the agent cannot continue representing the principal and if he does, he shall be held personally liable for such acts which result into any damage or loss to a third party.

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Which of the following statements is true?

GalinKa [24]

Answer:

A college may withdraw its offer of acceptance if it finds out you have lied on

Explanation:

Colleges and universities are very particular about the information provided on application forms. Any misrepresentation of facts that the college considers as significant may result in the withdrawal of an offer acceptance letter.

A college may revoke an admission letter if they discover inconsistency in a student's records. For instance, a sudden change to higher grades may indicate cheating. If investigated and found correct, the college may revoke its offer acceptance letter.

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3 years ago

Faulty power steering fluid can result in?

WARRIOR [948]

It can cause a drop in pressure due to air getting in the system. It causes the pump to whine and not function properly

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3 years ago

as the economy evolves the use of new technologies means the need for jobs in some industies disappear and there are new ______

Hatshy [7]

As the economy evolves the use of new technologies means the need for jobs in some industries disappear and there are new opportunities in others.

Explanation:

Some will benefit from technological developments and hurt others, but the overall employment rate will not be substantially affected in the longer term.

In order to reach some ultimate result, the development of technology can bring on many areas of know-how, including science, engineering, mathematics, linguistics, and history. Technology is sometimes a result of science and technology, even though technology precedes both fields as something of a human activity.

6 0

3 years ago

Dicer uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (ret

mestny [16]

Answer:

$371,228

Explanation:

Cost = Beginning inventory + purchases + freight

= $260,000 + $1,370,000 + $86,000

= $1,716,000

Retail = Beginning inventory + purchases + mark-up

= $396,000 + $2,200,000 + $48,000

= $2,644,000

Closing (retail) = Retail - markdown - sales

= $2,644,000 - $72,000 - $2,000,000

= $572,000

Cost to retail ratio = Cost ÷ Retail

= $1,716,000 ÷ $2,644,000

= 0.649017

Therefore,

Ending inventory value at cost = Closing (retail) × Cost to retail ratio

= $572,000 × 0.649

= $371,228

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3 years ago

A taxing jurisdiction has a mill rate of 14.7. what is an owner’s tax bill if his assessed value is $250,000?

zysi [14]

A taxing jurisdiction has a mill rate of 14.7. the owner’s tax bill would be $3,675.00. Over 55,000 jurisdictions make up the United States. The taxing authority that imposes the tax is known as a jurisdiction. A tax jurisdiction code is used to identify each jurisdiction.

The place where the transaction will be taxed is specified by this code. The tax jurisdiction code is a key that, along with the tax code and other factors, defines the tax amount and how the total tax amount is split between the several taxing authorities for payment. For calculating procedure TAXUSJ,

The system can handle up to four jurisdiction levels, and for TAXUSX, up to six jurisdiction levels. Each level of jurisdiction has a unique jurisdiction code.

To learn more about taxing jurisdiction , click here

brainly.com/question/14179714

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5 0

2 years ago