James, a loan officer, acts on behalf of his bank and authorizes loans to several customers. In this scenario, James is acting as a(n) _____.
A) trustee
B) beneficiary
C) agent
D) principal

Name: James, a loan officer, acts on behalf of his bank and authorizes loans to several customers. In this scenario, James is acting as a(n) _____. A) trustee B) beneficiary C) agent D) principal
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James is acting as an agent because he is acting on behalf of his bank to authorize loans to customers.

James, a Loan Officer, Acts on Behalf of His Bank