If an Agent Exceeds His or Her Scope of Authority

question 17

True/False

If an agent exceeds his or her scope of authority, a principal is bound on the contract only if he or she ratifies the contract.

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Definitions:

Stagnation

A period or state of inactivity or lack of growth, often used to describe periods of limited personal or professional development.

Integrity

The quality of being honest and having strong moral principles, or the state of being whole and undivided.

Isolation

The state of being separated from others, which can result from physical distancing or emotional disconnection.

Depressive Position

A concept from psychoanalytic theory referring to a developmental stage where a child begins to integrate good and bad aspects of themselves and others, possibly experiencing anxiety or depression in the process.