In a Short Paragraph,answer the Following Questions: What Are the Differences

question 27

Essay

In a short paragraph,answer the following questions: What are the differences in average income and wealth between whites,African Americans,and Latinos? What are the sociological explanations for why these gaps exist?

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Definitions:

Disclosed Principal

In the realm of agency law, a principal whose identity the third party is aware of when the agent enters into a contract with that third party.

Unauthorized Contract

An agreement made by someone who does not have the legal right or power to do so on behalf of another person or entity.

Agent Lacks Authority

A situation where an agent acts outside of their given powers, potentially making their actions unbinding on the principal.

Notify the Third Party

The act of informing someone not directly involved in a transaction or agreement about relevant information or developments.