The Doctrine of Liberty of Contract Gave Equal Powers to All

question 30

True/False

The doctrine of liberty of contract gave equal powers to all parties,thus,employers and employees were at an equal footing.

---

Definitions:

Employees

Individuals who work for another person or organization in return for compensation.

Expressed Agency

An agency created in a written or oral agreement. Also called agency by agreement.

Principal

The main party to a transaction, such as a buyer or seller in a contract, or an individual who empowers another (agent) to act on their behalf.

Contract Authority

A power granted to an individual or entity to enter into legally binding agreements on behalf of another person or entity.