The Principal Is Bound by Knowledge but Not by Notice

question 17

True/False

The principal is bound by knowledge but not by notice of any fact that is acquired by an agent while acting within the scope of actual or apparent authority.

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Definitions:

Decrease

A reduction in quantity, size, or intensity of an object or an action.

Barking

The sound a dog makes, often in response to excitement, threat, or communication needs.

Cat

A small domesticated carnivorous mammal with soft fur, a short snout, and retractile claws, often kept as a pet or for catching mice.

Road Construction

The process of building, maintaining, and repairing roads, including activities such as excavating, paving, and installing traffic management systems.