Generally, the Liability of a Principal on a Contract Formed

question 101

True/False

Generally, the liability of a principal on a contract formed by an agent with a third party depends on whether the agent was authorized to act.

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Definitions:

Know Anything

The capability or act of understanding, learning, or being aware of information without limitations.

Logically Presented

When information or arguments are arranged and expressed in a clear, orderly, and rational manner.

Sales Negotiation

The process of discussions between the buyer and seller aimed at reaching an agreement on price, terms, or conditions of a sale.