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NATHAN BRINER
on Nov 21, 2024

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Not all ________ are ________ because they cannot enter into contracts on behalf of the principal unless the principal authorizes them to do so. Examples include building contractors, doctors, stockbrokers, and lawyers.

A) Agents; employees
B) Independent contractors; employees
C) Independent contractors; agents
D) Agents; independent contractors
E) Employees; independent contractors

Independent Contractors

Individuals or entities hired to perform specific tasks or services, who maintain control over how their work is completed, rather than employees.

Authorizes

To give official permission or power to someone to do something.

Building Contractors

are professionals involved in the planning, leading, execution, supervision, and inspection of a building construction process.

  • Comprehend the roles and obligations of principals and agents in an agency relationship.
  • Distinguish between different agency relationship categories and the prerequisites for their creation.
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LB
Logan BalderasNov 25, 2024
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