A Principal Is Not Bound in Contract with the Third

question 136

Multiple Choice

A principal is not bound in contract with the third party with whom the agent dealt if the agent is

• A) within his implied authority.
• B) within his apparent authority.
• C) outside his actual and apparent authority.
• D) within his express authority.
• E) outside his authority but the principal ratified it.

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Definitions:

LAD

Can refer to several meanings; without context, this term cannot be accurately defined.

Scheme

In psychology, a cognitive framework or concept that helps organize and interpret information, allowing individuals to categorize and understand new experiences.

Telegraphic Speech

A stage of language development where toddlers speak in short, simple combinations of words that omit less important words, resembling telegraph messages.

Language Acquisition Device

A theoretical construct in the field of linguistics that suggests an innate capability or mechanism in the human brain that allows children to naturally learn language.