The Death of a Principal Would Affect the Validity of Contracts

question 204

True/False

The death of a principal would affect the validity of contracts then made by the agent for the principal.

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Definitions:

Payoffs

The outcomes or returns from a particular action, investment, or decision, often used in game theory and economics.

Invest

To distribute funds or resources in anticipation of earning profits or income.

Probability

The quantification of an event's probability as a numerical value ranging from 0 to 1, indicating how likely it is to happen.

Expected Value

A calculated average of all possible values of a random variable, weighted by their probabilities of occurrence.