Payment to an authorized agent is: a. payment to the principal only if the agent remitted the payment. b. payment to the principal if the third person informs the principal. c. payment to the principal, provided the agent does not misappropriate the payment. d. payment to the principal.

Question

Social Studies

Stacy

13 June, 22:46

Payment to an authorized agent is: a. payment to the principal only if the agent remitted the payment. b. payment to the principal if the third person informs the principal. c. payment to the principal, provided the agent does not misappropriate the payment. d. payment to the principal.

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Yandel Townsend · Answer 1

Option D

Explanation:

An authorized agent is someone or an entity that have the right to act or transact business on behave of someone or an entity.

They are principal in business relationship so far the the entity they represent has given them authority to act on their behave

To make payment to an authorized agent is a principal.