What Is the Term for When a Principal May Be

question 3

Multiple Choice

What is the term for when a principal may be forced to be liable for an agent's actions to a third party based on a detrimental change in position of the third party and a reasonable belief that the agent was truly acting with the authority from the principal?

• A) Estoppel
• B) Undisclosed
• C) Ratification
• D) Incorporation

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Definitions:

Signs of Humility

Behaviors and attitudes that indicate a person does not consider themselves superior to others, including willingness to learn, admit mistakes, and appreciate others' contributions.

Individualism

A cultural or social outlook that emphasizes personal independence and the self over group identity or collectivism.

Romance

A feeling of excitement and mystery associated with love, often emphasizing emotional and spiritual connection.

Maturity Principle

The concept that individuals become more responsible and emotionally stable as they age.