The Principal Is Bound by Representations

question 22

Multiple Choice

The principal is bound by representations:

• A) that are necessary for the agent to make in order to accomplish the purpose of the agency since they would be apparently authorized.
• B) that the agent is expressly authorized to make.
• C) that the agent makes even if the third person is aware that the agent has exceeded his actual authority.
• D) that may not be customary in the kind of business being transacted by the agent.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, often emphasizing skills such as reasoning, open-mindedness, and the ability to recognize various sides of an argument.

Immigration

The action of moving to a foreign country or region to live, often for reasons such as employment, education, or fleeing conflict.

Converting

In a general context, it means changing or transforming something into a different form, state, or belief.

Belief Systems

Complex sets of principles and values that individuals use to interpret and understand the world around them, often influencing their behavior and decision-making.