When a Disclosed Principal Authorizes an Agent's Transaction with a Third

question 32

True/False

When a disclosed principal authorizes an agent's transaction with a third person, the principal and the third person may each sue the other in the event of a breach of the contract.

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Definitions:

Older Adults

Individuals who are in the later stage of their life, often defined as being 65 years or older.

Low Income Families

Households earning significantly less than the average income, often qualifying them for certain types of government assistance.

Full Time

Employment status where an individual works a minimum number of hours defined by their employer as full-time, typically around 40 hours per week.

Offshoring

The practice of relocating business processes or services to another country, often to reduce costs.