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- In an agency relationship, someone agrees to perform a task for, and under the control of, someone else (the principal). An agent is the person who is acting on behalf of the principal in an agency relationship. Identify three (3) types of agency under the law. Give one (1) example of a time in which you or a co-worker may have acted as an agent. Did you know you were an agent at the time? Did you act on behalf of the company, and if so, how?
- Give an example of a recent contract into which you entered. For example, did you buy something at a convenience store, enter into a cell phone contract, or even make a larger purchase? Explain the elements that were met within the contract.
- Explain whether or not the U.S. Government should do more to protect consumers. Conversely, should consumers become more aware of when they are purchasing products in today’s business environment?
- Suppose you were an IT manager at a business. Identify the specific laws addressing consumer information that would need to be considered by your company. Explain why such laws are necessary to adhere to.
