The Apparent Authority of an Agent Is Not Sufficient to Bind

question 50

True/False

The apparent authority of an agent is not sufficient to bind a principal in a contract with a third party which is negotiated after the agency relationship has been terminated.

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Definitions:

USB

Universal Serial Bus, a standard for cables and connectors used to connect computers and peripherals.

Optical Disc

A storage medium that uses laser technology to read and write data, examples include CDs, DVDs, and Blu-ray discs.

Nonvolatile Memory

A type of computer memory that retains its data even when the device's power is turned off, such as flash memory or ROM.

Front Side Bus

A computer bus that connects the CPU to the main memory, acting as the primary pathway for data communication.