If an Agent Exceeds His Actual and Apparent Authority,the Principal

question 50

True/False

If an agent exceeds his actual and apparent authority,the principal is not bound,which makes the agent a party to the contract.

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Definitions:

Private Branding

A strategy where products manufactured by one company are sold under another company's brand or label.

Private Labeling

A retail strategy where products are manufactured by one company but sold under another company's brand, often to offer exclusive branded products without the cost of manufacturing.

Reseller Branding

Strategy where a company sells products manufactured by others under its own brand name.

Private Branding

A strategy where products are produced by one company but are sold under another company's brand or label.