Limited range of implied authority than special agents

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1. Because they are critical to a firm’s success, it is easy to justify the expense required to invest in the cross-experienced manager.

True or False

2. When it comes to benchmarking, “Good practice is good practice, wherever it is found.”

True or False

3. General agents:

a. Have a limited range of implied authority than special agents

b. Are authorized by the principal to do a specific act

c. Are agents who do not possess the authority to contract on behalf of its principal

d. Act for the principal in a number of transactions over a period of time

4. In an FAS contract, the seller:

a. Must deliver the goods alongside the vessel at his own risk and expense

b. Must deliver the goods alongside the vessel at the buyer's risk and expense

c. Must deliver the goods alongside the vessel at his own expense but at the buyer's risk

d. Has title to goods till they are delivered alongside a vessel

Reference no: EM132285503

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