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What Are Two Types of Markets? What Are Their Characteristics

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What are two types of markets? What are their characteristics?

Outline the process and implications of hiring independent contractors and the delegation of duties.
Analyze the legal effects of an agent's actions on the principal in various scenarios, including incapacity and termination of agency.
Understand the rights and liabilities of parties in agency relationships, including indemnification and liability for contracts.
Evaluate the legal implications when agents act beyond their authority in representation or negotiation contexts.

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