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

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Definitions:

Job Performance

The effectiveness and efficiency with which an individual completes their assigned tasks and responsibilities in the workplace.

Job Rotation

Moving employees from one job to another to allow them more variety and to learn new skills.

Project Teams

Groups of individuals with different expertise working together towards a common project goal.

Developmental Strategies

Approaches and plans aimed at improving individual, group, or organizational capability and capacity over time.