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AINS Chapter 4 2022 (questions with 100%correct answers)
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AINS Chapter 4 2022 (questions with 100%correct answers)The authority that the principal specifically grants to the agent is contained in the agency contract. This authority is known as Select one: ... A. Apparent authority. B. Implied authority. C. Express authority. D. Contractual authority. - ✔✔C In the legal relationship known as agency, which one of the following is the principal? Select one: A. Agent B. Insurer C. Insured D. Third party - ✔✔B The primary duty of a principal to its agent is to Select one: A. Pay the agent for services performed. B. Generate sales leads for the agent. C. Hire and train sales people. D. Be obedient. - ✔✔A [Show More]
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