A Principal Is Bound in Contract with the Third Party

question 67

Multiple Choice

A principal is bound in contract with the third party with whom the agent dealt if the agent is:

• A)within his or her implied authority.
• B)within his or her express authority.
• C)within his or her apparent authority.
• D)outside his or her authority but the principal ratified it.
• E)all of the above

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Definitions:

SPSS Syntax

The specific command language used in the SPSS (Statistical Package for the Social Sciences) software to perform statistical analysis and manipulate data.

Cross-tabs

Short for cross-tabulation, a method used in statistics to analyze categorical data by creating a matrix that displays the frequency distribution of variables.

Categorical Data

Information that is divided into groups or categories which are mutually exclusive and cannot be ordered or ranked.

Categorical Data

Refers to data types that represent categories - they can be names, labels, or numbers that identify into which of several categories each data point falls.