In Which of the Following Situations Would a Principal Be

question 25

Multiple Choice

In which of the following situations would a principal be unable to ratify a contract by its "agent"?

• A) where the contract favours the principal
• B) where the contract favours the agent
• C) where the principal fails to act within a reasonable time
• D) where the agent lacked actual authority

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Definitions:

Authority Figure

An individual who holds power or influence, often in a leadership role, within a social or organizational structure.

Decision Making

The cognitive process of selecting a course of action among various alternatives, often involving considerations of risk, benefit, and personal values.

Holistic Approach

A method of care that considers the whole person, including physical, psychological, social, and spiritual components.

Psychopharmacological

Pertaining to the study of the effects of drugs on the mind and behavior, often in relation to the treatment of psychiatric disorders.