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The Principal Is Liable for an Innocent Misrepresentation Made by an Agent

question 50

True/False

The principal is liable for an innocent misrepresentation made by an agent acting within the scope of employment.


Definitions:

Same Amount

A situation where a particular value or quantity remains unchanged across different instances or over time.

Present Value

The current assessment of a future sum of money or cash flows, when calculated with an agreed-upon rate of return.

Invest

Directing financial investments towards the achievement of profit or income returns.

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