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:

Micro-Celebrities

Individuals who gain a significant following and public attention through social media platforms.

Brand Ambassadors

Individuals who represent and promote a brand, leveraging their influence to enhance its visibility and credibility.

Homophily

The tendency of individuals to associate and bond with others who are similar to themselves in terms of beliefs, values, or social status.

Social Status

The position or rank of a person or group within the society based on various factors including wealth, occupation, education, and family background.