A Principal Is Contractually Bound to a Third Party If

question 61

True/False

A principal is contractually bound to a third party if the agent acts without any authority but the principal ratifies the contract.

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Definitions:

Cognitive Development Theorist

An individual who studies and proposes theories on how people develop intellectual abilities and processes throughout their lifespans.

Cognitive Social Learning Theorist

A scholar who studies how people learn from observing others in a social context, focusing on the acquisition of behaviors, attitudes, and emotional reactions.

Gender Roles

The set of societal norms dictating what types of behaviors are typically considered acceptable, appropriate, or desirable for people based on their actual or perceived sex.

Traditional Female

A term reflecting conventional or stereotypical roles, behaviors, or expressions associated with women in a given culture.