Agency by Indemnification Occurs When (1)a Person Misrepresents Himself or Herself

question 140

True/False

Agency by indemnification occurs when (1)a person misrepresents himself or herself as another's agent when in fact he or she is not and (2)the purported principal ratifies the unauthorized act.

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Definitions:

Lower Levels

Refer to positions or employees in an organization that are at a lower rank or hierarchy, often involved in direct operations or production.

Cognitive Ability

The capacity to perform various mental activities related to learning, problem-solving, and understanding.

Emotional Intelligence

The ability to recognize, regulate, and articulate one's own feelings, as well as manage connections with others wisely and with empathy.

Job Performance

Refers to how well an individual performs their job duties and responsibilities.