In Circumstances Under Which a Person Is Held Liable as a Principal

question 22

Multiple Choice

In circumstances under which a person is held liable as a principal even though no actual agency has been created,there is a(n) :

• A) agency by estoppel.
• B) apparent agency.
• C) ostensible agency.
• D) All of these.

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Definitions:

Household Receives

Refers to the income or goods that a household obtains, which may come from various sources such as wages, investments, or government programs.

Gini Ratios

A measure of income inequality within a population, represented by a value between 0 (perfect equality) and 1 (perfect inequality).

Income Inequality

The unequal distribution of income among individuals or groups within a society, often leading to social and economic challenges.

Household Income

The combined gross income of all members of a household, considered together for the purposes of tax and welfare.