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Which Statement Is TRUE for Mars

question 189

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Which statement is TRUE for Mars?


Definitions:

Actual Authority

The explicit power granted to an agent or representative by the principal to perform certain acts on their behalf.

Principal's Ratification

The formal approval by a principal (party in authority) of an act performed on their behalf, usually validating a previously unauthorized act.

Contractual Liability

The obligations and responsibilities one party owes to another under the terms of a contract.

Unidentified Principal

An unidentified principal occurs in agency relationships when the third party interacting with the agent does not know the identity of the principal for whom the agent is acting.

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