An Agent May Exceed His Express Authority and Still Bind

question 30

True/False

An agent may exceed his express authority and still bind the principal.

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Definitions:

Penetration Pricing

A pricing strategy where a product is offered at a lower price than competitors to quickly gain market share.

Competitive Entry

The process of entering a new market or industry, potentially disrupting existing competitors and market dynamics.

Repeat Purchasers

Customers who have bought from a business or brand more than once, indicating loyalty or satisfaction.

Gillette Fusion

A line of men's manual and power razors launched by Gillette, featuring multiple blades for a closer shave.