Teche is an agent with broker-dealer CanDo, and his only compensation is the commissions he earns on trades he executes. He has applied for and been granted an adjunct teaching position with a local university that will allow him to earn money while he is establishing himself. Which of the following statements are true?
A) As an agent with broker-dealer CanDo, Mr. Teche must notify CanDo in writing of this position prior to accepting it.
B) CanDo can deny Mr. Teche permission to accept the adjunct teaching position.
C) Mr. Teche is, in essence, an independent contractor with broker-dealer CanDo and can engage in any other business activity at will.
D) Both A and B are true.
Correct Answer:
Verified
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