A Principal Is Bound in Contract with the Third Party

question 100

Multiple Choice

A principal is bound in contract with the third party with whom the agent dealt if the agent is:

• A)Within his implied authority
• B)Within his express authority
• C)Within his apparent authority
• D)Outside his authority but the principal ratified it
• E)All of the above

---

Definitions:

Free Trade

An economic policy allowing imports and exports to occur without government intervention such as tariffs, quotas, or other restrictions.

Sugar

A sweet-flavored substance sourced primarily from sugarcane and sugar beets, used widely as a sweetener in food and beverages.

Government Interference

Actions taken by the government to influence the economy or specific industries, which can include regulations, taxes, or subsidies.

Country

A distinct territorial body or political entity recognized as an independent nation.