If a Principal Is Undisclosed, the Agent May Be Liable

question 17

True/False

If a principal is undisclosed, the agent may be liable to the principal for a third party's nonperformance of a contract.

Differentiate between continuous, partial, immediate, and delayed reinforcements and comprehend their impacts on learning and behavior extinction.

Explain the effective use of positive reinforcement in enhancing desired behaviors.

Describe common management errors involving reinforcement and provide solutions.

Comprehend the value of non-monetary rewards and how they differ across generations.

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Definitions:

Misrepresentation

False or misleading statements that induce someone to enter into a contract, potentially rendering the contract voidable.

Liable

Refers to being legally responsible for something, typically requiring compensation or remedy for damages caused.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into the contract.

Ratification

The adoption of a contract or act of another by a party who was not originally bound by the contract or act.