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Even After an Agency Relationship Has Terminated, There Are Circum?stances

question 31

True/False

Even after an agency relationship has terminated, there are circum?stances under which a principal may be bound by his or her agent's act.


Definitions:

Individualism

A principle in sociology that advocates for the primacy of individual rights over the constraints imposed by the state or collectives.

Collectivism

The principle of giving a group priority over each individual in it.

Group Identification

The psychological process by which an individual aligns themselves with the norms, values, and beliefs of a particular group.

Respect For The Elderly

The practice of showing honor and consideration to older individuals, recognizing their contributions and wisdom.

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