A Principal Will Be Liable for the Contracts Entered into by His

question 312

Multiple Choice

A principal will be liable for the contracts entered into by his or her agents in emergency situations under the theory of:

• A) Agency by operation of law
• B) Agency by estoppel
• C) Constructive agency
• D) Implied agency
• E) None of the above

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Definitions:

Operating Systems

A software that manages computer hardware and software resources, and provides common services for computer programs.

Efficiency Gains

Improvements in the production process that allow for a greater output of goods or services without an increase in input.

Deregulation

The process of removing government restrictions and regulations in industry to allow for more competition and efficiency in the market.

Communications Industry

A sector that encompasses companies and technologies involved in the transmission of information, including media, internet, telecommunications, and broadcasting.