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An Agent Is Liable on a Contract If the Agent

question 12

True/False

An agent is liable on a contract if the agent signs the principal's name.


Definitions:

Rental Units

Housing units, such as apartments or houses, that are available for rent to tenants.

Surplus

A situation where the quantity supplied of a good exceeds the quantity demanded at a given price.

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by government regulation.

Shortage

A situation where the demand for a good or service exceeds the supply available at a specific price.

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