Because It May Be Unclear How a Court Will Interpret

question 11

True/False

Because it may be unclear how a court will interpret and apply a law, companies can ensure decisions are viewed as ethical by documenting their own interpretation of the law.

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Definitions:

Apparent Authority

A situation where a third party reasonably believes that an agent has the authority to act on behalf of a principal, even if the agent does not have such authority.

Principal

In a financial context, the principal is the initial amount of money borrowed or invested, excluding any interest or profit. In an educational setting, it refers to the head of a school.

Agent

An individual authorized to act on behalf of another, often in business or legal matters.

Manifestations

Observable expressions or indications of a condition, disease, or the existence of a particular fact.