A Principal Is Not Liable for an Agent's Fraud Unless

question 34

True/False

A principal is not liable for an agent's fraud unless the agent has the apparent authority to commit torts.

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Definitions:

Related Companies

Entities or businesses that are connected by common ownership, management, or business goals.

Attrition

A process of gradually reducing the strength or effectiveness of someone or something through sustained attack or pressure.

Employee Layoffs

The act of terminating employees, often due to economic downturns or organizational restructuring.

Seniority

The concept of individuals gaining certain privileges or positions based on the length of time they have been with an organization or in a particular job.