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Aleksandr-060686 [28]
2 years ago
10

Under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of t

he store. True False
Business
1 answer:
NeX [460]2 years ago
4 0

Answer: True

Explanation:

Under Agency Law in relation to employment, the salesperson is acting as an agent of the owner of the store and as such is their representative. As their representative, it is assumed that whatever they are selling is from the Owner whom they represent and as such can be binding on the owner.

This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.

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The value-added is:
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Answer:

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The conceptual framework that the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (
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D) Uniformity

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