An Agency Relationship Created When One Party Adopts a Contract

question 72

True/False

An agency relationship created when one party adopts a contract entered into on his behalf by another who acted without authority at the time is legally known as an agency by estoppel.

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Definitions:

Skilled Employee Technicians

Skilled employee technicians are workers with specialized skills and knowledge, typically in technical fields, who perform specific tasks or services.

Plant Location

The geographical site chosen for situating industrial operations or manufacturing facilities, based on criteria like cost, resources, and logistics.

Modern Production Facilities

Industrial or manufacturing plants that utilize the latest technology, equipment, and processes to increase efficiency, productivity, and quality of products.