A Principal Is Not Bound in Contract with the Third

question 4

Multiple Choice

A principal is not bound in contract with the third party with whom the agent dealt if the agent is:

• A)Outside his authority but the principal ratified it
• B)Within his express authority
• C)Outside his actual and apparent authority
• D)Within his implied authority
• E)Within his apparent authority

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Definitions:

Preconventional

A stage in moral development where individuals' moral reasoning is based primarily on the consequences of their actions to themselves.

Stage of Morality

Refers to levels of moral development individuals go through as they progress in making ethical decisions.

Self-interest

The focus on one's own advantage and well-being without necessarily considering the impact on others.

Stage of Morality

Concept in moral development theory that classifies individuals' reasoning about ethical and moral issues into distinct levels or stages.