If an Agent's Act Causes Loss to the Third Person

question 52

True/False

If an agent's act causes loss to the third person, that third person may generally hold the agent liable for the loss.

Identify the legal effects of ratification and how it impacts contracts entered into by minors.

Understand the protections and limitations associated with contracts involving necessaries.

Differentiate between void, voidable, and enforceable contracts based on mental capacity and intoxication.

Describe the process and effects of emancipation on a minor’s legal capacity.

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