If an Agent Is Liable for Fraudulent Misrepresentation in Making

question 46

Multiple Choice

If an agent is liable for fraudulent misrepresentation in making a contract,the third party may rescind the contract.And if the agent was acting within his apparent authority,the third party may sue the principal as well as the agent for

• A)conspiracy to defraud.
• B)warranty of authority.
• C)breach of contract.
• D)agency negligence.
• E)tort of deceit.

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Definitions:

Gainsharing Plans

Employee incentive plans that involve sharing the financial gains from improved productivity, efficiency, or cost-saving measures with employees.

Production Jobs

Positions within a company focused on creating or manufacturing goods, often involving operational or manual labor tasks.

Skill-Based Pay

A compensation strategy that pays employees based on their skills, certifications, or knowledge, rather than their job title or position.

Pay Rate

The amount of money a worker is paid per unit of time or per piece of work completed.