A Principal Is Not Liable on Any Contract Made by the Agent

question 47

True/False

A principal is not liable on any contract made by the agent acting outside the scope of his or her authority.

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Definitions:

Geographic Segmentation

The process of dividing a target market into smaller, geographically based segments to tailor marketing efforts based on regional preferences or needs.

Psychographic Segmentation

This marketing technique categorizes consumers based on psychological characteristics, including habits, hobbies, spending habits, and values.

Activity Segmentation

The process of dividing a market into groups based on their activities, interests, or opinions to better target marketing efforts.

Accessible

Something that is easily approachable, entry, or use by people with disabilities or by the general populace.