A Principal Is Contractually Liable to a Third Party If

question 399

True/False

A principal is contractually liable to a third party if that party enters into a contract presented by an agent with apparent authority to act for the principal.

---

Definitions:

Labor Demand

The quantity of labor that employers are willing to hire at a given wage rate, reflecting the demand for labor in the labor market.

Firm's Product

A firm's product is the good or service produced or offered by a business entity.

Job Search

describes the process individuals undertake to find a new job or employment opportunity.

Matching Workers

The process of aligning the skills and preferences of job-seekers with the needs and demands of employers.