"Equal Dignity Indicates that if the law requires a written contract, the Agent's authority from
the principal must be in writing to be valid, except for officer acting for
corporation or agent acting in the presence
BUSINESS LAW TEST 2 TERMS
(remedies) compesatory amount required to place party in as good a position as they were
before the breach.
damages owed to third parties from a breach.
Business Law Principles and Practices
BSMG1210 BUSINESS LAW TEST FIVE
Section A: Multiple Choice Always pick the BEST answer On the answer sheet answer thirtyfive (35) of the forty-five (45) possible questions Each question is worth two (2) points Total
Business Law Terms to Know for the Final
1. A "fiduciary" relationship between a principal and agent, which relationship is based on trust
2. Principal, Agent, Mutual consent from the principal that the agent will act on the principa