When a Principal Is Liable for an Agent's Actions to a Third

question 17

Multiple Choice

When a principal is liable for an agent's actions to a third party because the third party detrimentally changed his position based on a reasonable belief that the agent was acting with the authority of the principal,what is this called?

• A)Estoppel
• B)Undisclosed
• C)Ratification
• D)Incorporation

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Definitions:

Objective View

An unbiased perspective that is not influenced by personal feelings, interpretations, or prejudice.

Managing Resistance

The process of addressing and mitigating opposition or reluctance from individuals or groups within an organization towards change initiatives.

Participation

Involvement of individuals or groups in decision-making processes within an organization to improve commitment and outcomes.

Ownership

The state or right of possessing something, which can be anything from physical objects to intellectual property or businesses.