For an Agency Agreement to Be Binding Between the Principal

question 120

Essay

For an agency agreement to be binding between the principal and agent, what is required and what is the effect if a required element is not met?

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Definitions:

High Tariffs

High Tariffs are taxes imposed on imported goods to protect domestic industries from foreign competition, raise government revenue, and/or retaliate against unfair trade practices by other countries.

Republican Policies

Policies favored by the Republican Party in the United States, often emphasizing limited government, low taxes, free market capitalism, and a strong national defense.

Plantation Workers

Laborers who work on plantations, historically often under conditions of servitude or slavery, cultivating crops such as sugar, cotton, and tobacco.

Western Settlement

The migration and establishment of communities and towns in the Western territories of the United States during the 19th century.