If an Agent Claims to Have Authority but in Fact

question 236

Multiple Choice

If an agent claims to have authority but in fact has none, the principal is:

• A) not responsible for the agent's dealings with third parties who have no reason to think the agent has authority
• B) responsible for the agent's dealings with third parties who have no reason to think the agent has authority
• C) responsible for up to 50% of the monetary value of any contracts entered into by third parties and the agent
• D) responsible for up to 25% of the monetary value of any contracts entered into by third parties and the agent
• E) none of the other choices are correct

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Definitions:

Open-Loop System

A type of control system that operates without using feedback to adjust its input for the desired output, making it less accurate.

Process Affects

Pertains to the impact or changes that occur as a result of executing a particular sequence of operations or activities within a system or procedure.

Trend Values

Data points collected over time to analyze patterns, performance, or changes in a system or process for diagnostic and predictive purposes.

Graphic HMI Terminals

Devices that provide an interface for human-machine interaction, displaying graphics and information visually for users to control and monitor machinery or systems.