An Agent Will Be Relieved from Liability for Representations in Excess

question 24

Multiple Choice

An agent will be relieved from liability for representations in excess of the agent's authority if the:

• A) agent hired subagents to do some of his work.
• B) third party knows that the agent is acting in excess of his authority.
• C) principal does not ratify the act.
• D) act was undertaken with a good intent.

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Definitions:

Physiological

Relating to the functions and processes of living organisms and their parts.

Stimulation Needs

The requirement for mental or physical activity to maintain cognitive and physical health, particularly in different age groups or individuals with specific health conditions.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that outlines a five-tier model of human needs, depicted as hierarchical levels within a pyramid.

Basic Human Needs

Fundamental physiological and psychological needs that are common to all humans, such as the need for food, water, shelter, and safety.