An Agent May Be Liable to His Principal If He

question 21

True/False

An agent may be liable to his principal if he improperly delegates his authority.

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Definitions:

Misrepresentations

Misrepresentations involve providing false or misleading statements or information, often with the intent to deceive during contractual agreements.

Securities Act

A law governing the issuance of securities, including stocks and bonds, to protect investors by requiring disclosures and regulating transactions.

Accounting Services

Professional services related to the management of financial records, including but not limited to bookkeeping, auditing, and tax preparation.

Testify

To give evidence or bear witness in a legal proceeding, typically under oath.