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.

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Definitions:

Procedural Memory

A type of long-term memory involving how to perform different actions and skills, essentially memory of motor skills.

Deep Processing

A method of learning where information is analyzed in a meaningful way, leading to better retention compared to shallow, superficial processing.

Spacing Effect

A phenomenon where learning is more effective when study sessions are spaced out over time, rather than being crammed into a single session.

Distributed Study

A learning strategy that involves spreading study sessions and practice over time.