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Even If the Agent Possessed No Actual Authority and There

question 15

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Even if the agent possessed no actual authority and there was no apparent authority on which the third party could rely, the principal may still be liable if he ratifies or adopts the agent's acts before the third party withdraws from the contract.


Definitions:

Media Stereotype

A fixed, oversimplified, and generalized belief or idea about a particular group of people or topic propagated by media.

Financial Independence

The state of having sufficient personal wealth to live, without needing to work actively for basic necessities. It implies having a financial strategy that allows for living without ordinary income.

Dominant Management Model

The prevailing approach or system used by businesses to guide leadership, decision-making, and organizational processes.

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