Jim was called to active duty in the military. Knowing that he would be out of the country for a year or more, he gave his siste

Question

3 years ago

13

Jim was called to active duty in the military. Knowing that he would be out of the country for a year or more, he gave his siste

r Peg authority to pay bills in his name, access his bank accounts, buy and sell stock in his brokerage accounts, and incur expenses to maintain his house, car, and boat. Peg is Jim's:________.
a. independent contractor
b. broker
c. general agent
d. special agent

Business

1 answer:

Mamont248 [21] · Answer 1 · 2021-12-16T19:46:28+03:00

Answer: C. General agent

Explanation: A general agent is a person appointed to act on his behalf in a variety of activities such as home activities,business transactions etc this type of agent is usually contracted to do this kind of Activities especially when the person expected to carry out these sets of Activities will not be available for a given period. A general agent can be an organisation or an individual or group of persons who carry out tasks as specified by the principal.