Apparent Authority Exists If a Principal Causes a Third Party

question 46

True/False

Apparent authority exists if a principal causes a third party to believe reasonably that an agent has authority to act.

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Definitions:

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Nurture

The influence of external factors like education and the environment on an individual's behavior and development.

Correlation Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together, showcasing the strength and direction of their relationship.

Test-retest Reliability

The consistency of a psychological test or assessment measured over time, indicating how reliable the test results are with repeated application.