A Principal Is Not Liable for ____________________ Committed by an Agent

question 47

Short Answer

A principal is not liable for ____________________ committed by an agent.

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Definitions:

Trade Surplus

An excess of exports over imports.

Net Capital Outflow

The difference between a nation's total exports of physical assets and its total imports of physical assets within a given period.

Domestic Assets

Assets located within a country's borders, including both tangible and intangible assets owned by residents or entities, and contributing to the national economic value.

Trade Surplus

A situation where a country's exports exceed its imports over a given period, indicating a net inflow of domestic currency from foreign markets.