An Agent's Authority to Act on Behalf of a Principal

question 26

True/False

An agent's authority to act on behalf of a principal must be actual and apparent.

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Definitions:

Balancing Point

The point at which an object is in perfect equilibrium under the influence of gravity and does not tip or rotate.

Lever

A rigid bar resting on a pivot point (fulcrum), used to transmit force and movement, exemplifying the principle of mechanical advantage.

Abbreviation

A shortened form of a word or phrase used to save space or provide clarity.

Square

A four-sided polygon with all sides of equal length and all angles equal to 90 degrees, often used in geometry and construction.