A feature which distinguishes commercial agents from distributors and nonagents is that:
A) commercial agents generally maintain their own inventory of goods unlike distributors.
B) commercial agents are usually compensated through a straight salary when a sale is completed.
C) commercial agents always bear the financial risk of nonpayment by the purchaser.
D) commercial agents often possess the authority to contract on behalf of their principals.
Correct Answer:
Verified
Q2: A substantial change in market values or
Q7: An agency relationship:
A) exists only when it
Q8: Unless the circumstances of the relationship suggest
Q10: An agent may be able to bind
Q11: Termination of an agency based on race,religion,national
Q12: Agents may use the formulas,processes,and mechanisms they
Q13: A person has the capacity to act
Q15: An agent may deposit funds of the
Q17: The duty of the principal to keep
Q18: The legal effect of the agent's action
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