Multiple Choice
What is the term for when a principal may be forced to be liable for an agent's actions to a third party based on a detrimental change in position of the third party and a reasonable belief that the agent was truly acting with the authority from the principal?
A) Estoppel
B) Undisclosed
C) Ratification
D) Incorporation
Correct Answer:
Verified
Correct Answer:
Verified
Q7: In some cases,both principal and agent sometimes
Q8: Adam hired Kim as his agent to
Q10: It is always necessary for an agent
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Q40: Exculpatory clauses that try to relieve a
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Q71: Ordinarily a principal is not made liable
Q81: The process by which a principal binds
Q85: Direct liability is also known as respondeat
Q90: Typically a principal is not held liable