An <u>implied agency</u> occurs when a principal and an agent do not expressly create an agency but is inferred from the conduct of the parties.
<u>Explanation</u>:
A principal is a person who is employed by another person to work on behalf of him. The principal has an authority to appoint the independent contractor into the contracts.
The agreement express agency is the agency of power of attorney. The agent is given power to control the legal document through the express agency agreement. Power of attorney provides the authority to the agent to sign the legal documents on behalf of the principal.
Something used to represent an idea or process.
Answer:
B) A high literacy rate increases the standard of living.
Explanation:
The literacy rate shows how many people are able to read, write, and comprehend the written material. The literacy rate of the country depends a lot on the standard of living. Those who are not literate can’t peruse high education and find a well-paid job, so they are most likely to live in poverty.
It also prevents the country to have more people working jobs that better the living standard such as professors, doctors, economists, scientists, etc. These jobs are vital to the country's development. If people are not educated, they can’t add up to the growth of the country and its economy. Therefore, <u>the standard of life will be lower when there are more illiterate people, and higher when the literacy rate is high. </u>
Answer:
i. the buyer receives a negotiable document of title for the goods
ii. The bailee acknowledges the buyer's right to possess the goods
iii. The buyer receives a nonnegotiable document of title, and the buyer has had a reasonable time to present the document to the bailee and demand the goods. If the bailee refuses to honor the document, the risk of loss remains with the seller
Explanation:
Sellers bear hazards when they are holding products for a purchaser, up until the purchaser claims the products. The vender likewise carries the danger of misfortune on exchanges that are deal on endorsement, in which a purchaser should authoritatively acknowledge the conveyed products before the deal is conclusive.
With any business exchange, there is a danger of misfortune. It's conceivable that either the purchaser or vendor in a transaction could bear the risk of disaster.
Answer:
Stress can be positive or negative, depending on the situation. Positive stressors (called eustress) may include an upcoming wedding, the holidays, or pregnancy. On the other hand, negative stress (called distress) results in the full-blown stress response
Explanation:
