If an Agent Has No Authority but Nevertheless Contracts with a Third

question 16

True/False

If an agent has no authority but nevertheless contracts with a third party,the principal can be held liable on the contract.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods and services, often used to protect domestic industries from foreign competition or to generate revenue.

Sweden

A Scandinavian country in Northern Europe, known for its advanced welfare system, high standard of living, and innovative technology.

Absolute Advantage

The capacity of an entity to generate a higher volume of a certain good, product, or service compared to its rivals, while employing the same quantity of resources.

Italy

A country located in southern Europe, known for its rich history, culture, and significant contributions to art, food, and fashion.