A Principal May Be Liable to a Third Person for an Agent's

question 24

True/False

A principal may be liable to a third person for an agent's unauthorized contracts.

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Definitions:

Projection

A psychological defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to another.

Competition

The rivalry among businesses or individuals for clients, market share, or achievement in a field, often driving innovation and improvements.

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of a particular arrangement or service.

Bruner's Model

A theory of cognitive development proposed by Jerome Bruner, emphasizing the importance of categorization and the concept of discovery learning.