Acts of a Purported Agent in and of Themselves Can

question 14

True/False

Acts of a purported agent in and of themselves can create an agency by estoppel.

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Definitions:

Executor's Accounting

The financial reporting and record-keeping process conducted by an executor of an estate to track assets, liabilities, and distributions to beneficiaries.

Obligations

Responsibilities or duties bound by legal or contractual agreements.

Trust's Income

The income generated from the assets held within a trust, which may include interests, dividends, and other earnings.

Lease Cancellation

The process by which a lease agreement is terminated before its specified end date, either by mutual agreement or due to breach of contract.