An Agent May Be Able to Bind the Principal on Contracts

question 20

True/False

An agent may be able to bind the principal on contracts with third persons after termination of the agency if the third person is unaware that the agency has ended.

Comprehend the standard deviation and its role in describing distributions.

Apply knowledge of Pearson product-moment correlation coefficient in practical scenarios.

Calculate and interpret mean scores from a set of data.

Understand the concept of effect size and its importance in statistical analysis.

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Definitions:

Agency Behavior

Actions and decisions made by agents representing others in business transactions, reflecting the interest of the principal.

Informal Rulemaking

A regulatory process that involves the publication of a proposed rule and the consideration of public feedback before finalizing the rule.

Federal Register

The official journal of the federal government of the United States that contains government agency rules, proposed rules, and public notices.

Constitutional Tests

Judicial standards and criteria used to evaluate laws and government actions to ensure they conform with the Constitution.