A Principal Who Instructs an Agent to Perform an Illegal

question 78

True/False

A principal who instructs an agent to perform an illegal act will have no recourse against an agent who refuses to perform.

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Definitions:

Percent

A part per hundred, a unit of measure used to express the fraction of a quantity relative to one hundred parts of the total.

Industrial Country

A nation with a significant level of development and industrial capacity, often characterized by a high standard of living and a diverse economy.

Work Hours

The period of time during a day, week, or other period that is scheduled for work.

Crude Quantity Theory

A simplified version of the quantity theory of money suggesting that an increase in money supply leads to a proportional increase in prices.