Examlex

Solved

A Principal Is Always Directly Responsible for an Agent's Misrepresentation

question 82

True/False

A principal is always directly responsible for an agent's misrepresentation made within the scope of the agent's authority.


Definitions:

Cable TV Service

A subscription-based service that delivers television programming through coaxial or fiber-optic cables.

Inelastic

Describing demand or supply with little to no response to changes in price.

Quantity Demanded

The amount of a good or service that consumers are willing to purchase at a given price over a specified period.

Price Elasticity

A measure in economics of how the quantity demanded of a good or service changes in response to a change in its price.

Related Questions