Nine of the First Ten Amendments to the Constitution Placed

question 56

Multiple Choice

Nine of the first ten amendments to the Constitution placed limits on the

• A)states.
• B)new federal government.
• C)rights of individuals.
• D)courts.
• E)presidential cabinet.

Understand the requirements for giving actual notice to terminate an agent's authority.

Learn the situations in which an agent can act on behalf of the principal and their liability in contracts.

Recognize the principle of ratification and its requirements.

Understand the principles of respondeat superior and the liability it imposes on employers.

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Definitions:

Investor

An individual or entity that allocates capital with the expectation of achieving a financial return, often by purchasing securities, real property, or other investment vehicles.

Doctrine of Respondeat Superior

A legal principle that holds an employer or principal legally responsible for the actions of an employee or agent when acting within the scope of their employment or authority.

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, typically resulting in injury or harm that constitutes the basis for a claim by the injured party.

Agents

Individuals or entities authorized to act on behalf of others in business transactions or legal matters.