Question

Not all _______ are _______ because they cannot enter into contracts on behalf of the principal unless the principal authorizes them to do so. Examples include building contractors, doctors, stockbrokers, and lawyers.

Answer 1

Answer:

Not all AGENTS are GENERAL AGENTS because they cannot enter into contracts on behalf of the principal unless the principal authorizes them to do so. Examples include building contractors, doctors, stockbrokers, and lawyers

Explanation:

General agents act for many functions on behalf of the principal, and have general authority to carry out all business for the principal, or all business of a particular type. They therefore have implied authority to contract on behalf

of their principal, without needing express instructions.

Answer 2

Answer:

Not all independent contractors are agents.

Explanation:

An agent is someone who has been given authority by a principal, to enter into contracts on behalf of the principal.

Some Independent contractors have to be given authorization by a principal, before they can enter into contracts on behalf of the principal.

Therefore not all Independent contractors are agents.