Unless Otherwise Agreed, an Agent Making a Contract with Actual

question 61

True/False

Unless otherwise agreed, an agent making a contract with actual or apparent authority on behalf of an unidentified principal is a party to the contract.

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Definitions:

Divestiture

The process of a company selling off or liquidating a portion of its business or assets, often for strategic, legal, or financial reasons.

Time Warner

A major multinational media and entertainment conglomerate, known for producing film, television, and entertainment content.

Angel Capitalism

Investment in start-up companies by wealthy individuals, known as angel investors, who provide capital in exchange for equity or convertible debt.

Venture Capitalism

A form of private equity and financing that investors provide to startup companies and small businesses with long-term growth potential.