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A Principal Is Bound by Contracts That an Agent Enters

question 40

Essay

A principal is bound by contracts that an agent enters into with authority.Discuss the various types of contractual authority an agent may have.


Definitions:

Personality Inventory

A questionnaire or other standardized instrument designed to assess various aspects of a person's personality, including traits, behaviors, and preferences.

Social Phobia

An intense fear of social situations.

Agoraphobia

A fear or phobia of public places.

Intense Fear

A strong, uncontrollable, and often irrational reaction to a specific object, situation, or event, leading to avoidance or distress.

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