In Certain Cases, a Third Party Can Hold a Principal

question 208

Multiple Choice

In certain cases, a third party can hold a principal to a contract even though the agent acted outside the authorization given him by his principal and even though his principal elected not to ratify the contract made by the agent. The third party can enforce the contract because of

• A) the reasonable agent theory.
• B) the agent's apparent authority.
• C) fiduciary duty
• D) agency by express agreement.
• E) the failure of the principal to register the agency agreement.

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Definitions:

Cannabis

Cannabis is a genus of flowering plants in the family Cannabaceae, known for its use in medical or recreational drugs and industrial hemp.

Opioids Overdosing

occurs when a person takes a toxic amount of opioids, leading to potentially life-threatening respiratory depression, unconsciousness, and death if not treated promptly.

Competitive Inhibitor

Drug used to treat overdoses and opioid addiction; an example is naloxone, which acts quickly to block opioid action by competing with the opioid for binding sites.

Synthetic THC

Synthetic THC is a chemically produced compound designed to mimic the effects of tetrahydrocannabinol, the psychoactive ingredient in cannabis.