An Agent Who Is Aware That the Principal Does Not

question 66

True/False

An agent who is aware that the principal does not properly exist under the law,but continues to act in their name is personal liable to all third party individuals for transactions that occur.

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Definitions:

Arrival Rate

Arrival Rate is the frequency at which units, such as customers, goods, or messages, arrive at a particular point or system per unit of time.

Drive-In Restaurant

A type of eatery where customers can order and consume food without leaving their cars, often featuring a large parking area and order stations.

SimQuick

A software package for Excel that allows users to simulate business processes quickly and effectively.

Arrival Rate

In queueing theory or logistics, it refers to the average rate at which entities arrive or are processed through a system.