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Question
Which of the following is true of general agents and special agents?
A. General agents have the power to bind the principal by their actions, while special agents do not.
B. A general agent is employed to conduct a series of transactions, while a special agent is employed to conduct a small, simple group of transactions.
C. Special agents are gratuitous agents, i.e., they are not paid by the principal, while general agents receive consideration for their services.
D. General agents can appoint subagents to carry out the principal's tasks, while special agents cannot.
Answer
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