Generally,a Third Party Is Bound to the Principal Only When

question 35

True/False

Generally,a third party is bound to the principal only when it knows that the agent is acting for that principal.

---

Definitions:

Organ Capacity

The maximum level or potential at which an organ can function, reflecting its health and the ability to carry out its physiological tasks.

For-profit Colleges

are higher education institutions operated by private, profit-seeking businesses, often offering career-oriented courses.

Secure Employment

A situation in which an individual has a stable job and income.

Specific Skills

Abilities or expertise in particular tasks or areas, often requiring specialized knowledge or training.