When an Agent Acts Beyond the Specific Authority Given by the Principal

question 43

True/False

When an agent acts beyond the specific authority given by the principal, that action will not be binding on the principal.

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Definitions:

Higher Education

Educational programs and institutions that follow secondary education, such as universities and colleges, offering advanced degrees.

Foreign Country

A country that is different from one’s own, pertaining to any nation outside of one's national boundaries.

Core Components

Fundamental parts or elements that are essential for the functioning or existence of a system, process, or concept.

Self Competency

An individual's ability to understand and manage one's own abilities and actions effectively.