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Business Studies

Benefits and Disadvantages of Statutory Corporation

When agent is...

Question

When agent is appointed to do all acts for the principal, such agent is known as _______.

A

Special agent

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B

General agent

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C

Universal agent

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D

Mercantile agent

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Solution

The correct option is B General agent
A general agent is a person authorized to transact every kind of business for his principal. He acts as a representative of another, who has a mandate of general nature.

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