An Agent's Duties to the Principal Are Implied from the Agency

question 67

True/False

An agent's duties to the principal are implied from the agency relationship only if the identity of the principal is disclosed to a third party.​

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Definitions:

Formal Operational

A stage in Piaget's theory of cognitive development where individuals gain the ability to think abstractly and logically.

Secure Attachment

A strong and healthy emotional bond between a child and their caregiver, characterized by trust and a sense of safety.

Reason Abstractly

The cognitive ability to think about concepts, ideas, and principles that are not physically present or tangible.

Formal Operational

A stage of cognitive development, as per Piaget, where an individual gains the ability to think abstractly and logically.