In General, a Principal Is Liable for Crimes of the Agent

question 35

True/False

In general, a principal is liable for crimes of the agent committed while acting within the scope of the agency, even if the principal did not authorize commission of the crimes.

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Definitions:

Fraudulent Misrepresentation

A false statement made knowingly, without belief in its truth, or recklessly, carelessly whether it is true or false, with the intent that someone else would rely on it and suffer loss.

Intentionally Misleading

Deliberately providing false or deceptive information.

Intentional Misrepresentation

is the act of knowingly providing false information with the intent to deceive or mislead another party, often resulting in legal consequences.

Rescission

The act of revoking, canceling, or annulling a contract, returning the parties to their positions prior to the contract's execution.