If an Agent Has Authorized His Subagent to Make a Certain

question 95

True/False

If an agent has authorized his subagent to make a certain contract and this authorization is within the authority granted to the agent by his principal,the principal is bound to the subagent's contract.

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Definitions:

Debts Paid

The act of fulfilling obligations by paying off owed money.

Bankruptcy Court

A federal court that handles legal proceedings related to bankruptcy filings, allowing individuals or entities to settle debts under the protection of the law.

Bankruptcy Judges

Judicial officers specialized in handling bankruptcy cases, with the authority to make legal judgments and decisions regarding bankruptcy filings.

Chapter 7

A section of U.S. bankruptcy law under which a debtor's assets are liquidated and proceeds distributed to creditors.