An Agent That Has Been Given Actual Authority Has the Legal

question 69

True/False

An agent that has been given actual authority has the legal capacity to bind the principal to contractual relations with outsiders.

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Definitions:

Limited Liability

A legal structure where a company's owners are protected from personal responsibility for its debts or liabilities.

Limited Partners

Investors in a limited partnership who are not involved in daily business operations and whose liability is limited to the amount of their investment.

Participates

To take part in or become involved in an activity or event.

Exports

Goods, services, or technology sent from one country to another for trade or sale.