Answered

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Question #16 of 110

A property manager is hired to manage a property while the owner is overseas for two years. The property manager is

A. a special agent.
B. an attorney-in-fact.
C. a universal agent.
D. a general agent.

Sagot :

GinnyAnswer

Final answer:

In business, a property manager overseeing a property while the owner is overseas is a general agent with authority to manage the property without constant approval.


Explanation:

A property manager hired to manage a property for an owner overseas for two years is considered a general agent. General agents are authorized to perform a variety of tasks on behalf of the owner within the scope of their authority without requiring specific approval for each action. In this scenario, the property manager has the authority to manage the property on a day-to-day basis in the absence of the owner.


Learn more about Principal-agent relationship in business here:

https://brainly.com/question/32956171


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