Where a Third Party Deals with an Agent, but Is

question 2

True/False

Where a third party deals with an agent, but is unaware that he/she is dealing with an agent, the principal would be contractually bound to the third party for any tort.

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Definitions:

Population Mean

The average of a set of characteristics (numeric values) in a population; a parameter that describes the central location of the data.

Sample Mean

The average of all data points in a sample, used as an estimate of the population mean.

Unbiased Estimators

Statistical estimators whose expected value is equal to the parameter being estimated.

Variance

A measure of the dispersion indicating how much the values in a data set differ from the mean.