Under the Third Restatement, If a Principal Becomes Incapacitated, the Agency

question 67

True/False

Under the Third Restatement, if a principal becomes incapacitated, the agency relationship terminates and all authority, including apparent authority, automatically ceases.

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Definitions:

Faculty Member

An academic staff or educator belonging to a college, university, or institute who is involved in teaching, research, and possibly administrative duties.

Theorist

An individual who formulates theories or hypotheses, often in the context of scientific, philosophical, or social studies research.

Psychoanalysis

A psychological theory and therapy that aims to treat mental disorders by investigating the interaction of conscious and unconscious elements in the mind.

Introspection

The act of looking into one's own mental and emotional processes.