An Agent Who Has Either Actual or Apparent Authority Has

question 76

True/False

An agent who has either actual or apparent authority has the power to bind his principal.

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Definitions:

Empirical Evidence

Information acquired by observation or experimentation that serves as the basis for knowledge or justification.

Mental Images

Visual representations in the mind of an object or scene which are not currently being sensed but recalled or imagined.

Structural Equivalence

A concept in social network analysis indicating that individuals have similar relationships to others in the network, although they may not be directly connected.

Real World-Counterparts

Actual entities or phenomena that serve as the practical or genuine equivalents to concepts, theories, or objects discussed in theoretical or experimental contexts.