An Agency by Estoppel Arises When the Principal's Actions Have

question 36

True/False

An agency by estoppel arises when the principal's actions have created the appearance of an agency that does not in fact exist.​

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Definitions:

WARN Act

The Worker Adjustment and Retraining Notification Act that requires employers to provide notice in advance of certain plant closings and mass layoffs.

Employee Leasing

A staffing arrangement where a leasing firm hires and manages employees, then contracts them out to work for another company, effectively outsourcing the HR functions.

Voluntary Early Retirement

A program offered by employers allowing employees to retire earlier than the traditional retirement age, often with full or partial benefits.

Stock Options

Financial incentives given to employees, granting them the right to buy the company's stock at a set price within a certain period.