When a principal is allowed to negotiate directly with the importer,then the principal's agent is considered by a large number of countries' governments as a binding agent.

Question

Quizplus · Accepted Answer

The statement is not accurate. A principal negotiating directly with an importer does not make the principal's agent a binding agent in most countries' governments. A binding agent is typically appointed by the principal and has the authority to bind the principal in agreements with third parties.

When a Principal Is Allowed to Negotiate Directly with the Importer,then