Asked by
Zachary Thompson
on Nov 01, 2024
Verified
Smith,an agent,buys and sells used computer equipment on behalf of New Life Technologies,Inc.In the absence of an agreement,which of the following tasks may Smith delegate to Elizabeth?
A) The authority to buy and sell used computer equipment
B) Keeping a record of transactions Smith undertakes on behalf of New Life
C) The authority to estimate the fair market value of used computer equipment
D) The authority to fix the selling price of used computer equipment
Record of Transactions
A detailed log or document that keeps track of all the transactions made within a certain period.
Market Value
The estimated amount for which a property or asset would exchange on the date of valuation between a willing buyer and a willing seller.
- Describe the procedure and consequences of engaging freelance professionals and the assignment of responsibilities.
- Assess the legal consequences of agents exceeding their authorized powers during representation or negotiation scenarios.
Verified Answer
AR
Learning Objectives
- Describe the procedure and consequences of engaging freelance professionals and the assignment of responsibilities.
- Assess the legal consequences of agents exceeding their authorized powers during representation or negotiation scenarios.