In Which of the Following Situations Is an Agent Liable

question 130

Multiple Choice

In which of the following situations is an agent liable to third parties?

• A)in a situation where there is a fully disclosed principal but only apparent authority
• B)in a situation where there is a fully disclosed principal but only implied authority
• C)in a situation where the principal is an unincorporated association
• D)all of the above

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Definitions:

Charismatic Leaders

Individuals who inspire and motivate others through their personal charm and the profound belief in their own vision.

Impression Management

Techniques used by individuals or organizations to control or influence perceptions of themselves in the minds of others.

Charisma

A personal quality of leadership attracting loyalty or enthusiasm from others, often seen as a form of magnetic charm or appeal that is not easily defined.

Market Performance

A measure of how well a company's stock and financial products perform in the market, influencing its value and reputation.