Without Brown's Knowledge,Jones,who Frequently Purchased Lumber on Brown's Behalf,purchased a Large

question 6

True/False

Without Brown's knowledge,Jones,who frequently purchased lumber on Brown's behalf,purchased a large quantity of plywood from Smith as agent for Brown.Jones later advised Brown of the purchase.
-If Brown had died,Jones would be liable to Smith on the basis of Jones's implied warranty that he had authority to negotiate the contract on behalf of a principal that existed.

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Definitions:

Delay of Gratification

The voluntary postponement of an immediate reward in anticipation of a later, potentially more valued reward.

Role Confusion

A situation in which an individual lacks clarity about the expectations of their role within a particular context, leading to uncertainty and conflict.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of human beings.

Intuitionist

A person who believes in or advocates for intuitionism, the theory that moral truths are known by intuition.