What Are Self Reviews Best For

question 14

Multiple Choice

What are self reviews best for?

• A)developmental purposes
• B)administrative purposes
• C)promotional purposes
• D)regulatory purposes

Evaluate the conditions under which an offer can be considered irrevocable.

Understand the role of intention in the formation of legal contracts.

Distinguish between offers and invitations to treat.

Analyze contractual disputes and the principles for resolving them.

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Definitions:

Estoppel

A legal principle that prevents a person from arguing something contrary to a claim or a fact that has been previously established as the truth.

Apparent Authority

A form of authority that a third party reasonably believes an agent has due to the actions of the principal, even if the agent does not have actual authority.

General Sales Agent

An individual or company authorized to sell or distribute a manufacturer's products in a specific area or market.

Express or Implied Authority

Power granted by a principal to an agent, which can be explicitly stated (express) or inferred from actions, circumstances, or job title (implied).