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:

Notify Seller

The act of informing the seller about a relevant event, decision, or action, often as required by the terms of a contract or agreement.

Defective Goods

refers to products that are flawed and do not meet the quality or safety standards expected, potentially causing harm or not performing as intended.

Reasonable Time

A legally acceptable period of time that is fair and appropriate under the circumstances for performing a particular act or obligation.

Sport Goggles

Protective eyewear designed specifically for use during sports activities to safeguard the eyes from injury.