When an Agent Acts Beyond the Specific Authority Given by the Principal

question 43

True/False

When an agent acts beyond the specific authority given by the principal, that action will not be binding on the principal.

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Definitions:

Magnitude

The size, extent, or importance of something, often measured in terms of its scale, intensity, or impact.

Internal Consistency Reliability

A measure of how well the items on a test measure the same construct or concept, indicating the test's reliability.

Standard Score

A statistic that indicates how many standard deviations an element is from the mean in a normal distribution.

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