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:

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant technological, socioeconomic, and cultural changes.

Welfare Roles

Functions and responsibilities of welfare systems in providing support and assistance to individuals in need.

Crime Rate

A measure of the number of reported crimes standardized by some unit of population or other relevant factor, over a specific time frame.

Per Capita Income

A nation’s total income per person.