In All Cases Death of a Principal Terminates All Authority

question 11

True/False

In all cases death of a principal terminates all authority of an agent, including apparent authority, even though no notice is given to third parties.

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Definitions:

Self-Serving Bias

The common tendency to attribute one's successes to personal factors and one's failures to external factors.

Collectivist Societies

Societies or cultures that prioritize the group over the individual, focusing on communal goals and shared responsibilities.

Cultural Variations

The differences in beliefs, behaviors, and social norms among various cultures, influenced by geographical, historical, and sociopolitical factors.

Implicit Attitude

Unconscious associations and feelings towards people, objects, or concepts that influence one’s thoughts and actions.