Question

In: Economics

Which kind of agent usually has no power to sign a contract on your behalf? A...

Which kind of agent usually has no power to sign a contract on your behalf?

  1. A travel agent
  2. A real estate agent
  3. An insurance agent or broker
  4. A secret agent
  5. A sales agent

Solutions

Expert Solution

d. A secret agent has no power to sign a contract on your behalf. A secret agent is assigned without your knowledge to perform a task, so he does not have any power to sign a contract on your behalf.

A travel agent needs to book tickets, hotels, etc. on your behalf, so he has power to sign a contract on your behalf.

A real estate agent confirms a sell / purchase / to-let contract on your behalf, so he has power to sign a contract on your behalf.

Similarly, insurance agents and sales agents are, in some cases, authorized to sign contract on your behalf.

Rahul Sunny answered 2 years ago
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