A Principal Is Not Liable to a Third Party for Any

question 10

True/False

A principal is not liable to a third party for any contract made by the agent acting outside the scope of his or her authority.

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Definitions:

Water Power

The use of water flow—either from tides, rivers, or waterfalls—to generate mechanical power or electricity, a sustainable and renewable energy source.

Waterways

Natural or man-made channels through which water flows, used for navigation, transportation, or irrigation.

International Technology

Technology that is globally integrated or utilized around the world, often implying technological cooperation across countries.

Cotton Industry

Refers to the sector of the economy concerned with the production, processing, and distribution of cotton as a raw material.