Dizzy Is Not Edwina's Agent but Enters into a Contract

question 17

Multiple Choice

Dizzy is not Edwina's agent but enters into a contract with Frida on Edwina's behalf.Edwina later contacts Frida to approve the contract.This is

• A)an agency by agreement.
• B)an agency by estoppel.
• C)an agency by ratification.
• D)not the creation of an agency relationship.

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Definitions:

Self-serving Bias

A common tendency for individuals to attribute their successes to internal factors while blaming external factors for their failures, which can affect self-assessment and behavior.

Attribution

The process of explaining events.

Causal Explanations

Attempts to reveal the reasons or causes behind events, behaviors, or conditions.

Halo Effect

A cognitive bias where an observer's overall impression of a person, brand, or product positively influences their feelings and thoughts about that entity's specific traits.