Question: A principal is liable for its agent's acts when the agent has either actual or apparent authority to enter into contracts with third parties. True

A principal is liable for its agent's acts when the agent has either actual or apparent authority to enter into contracts with third parties.
True
False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Principal is liable for acts entered into by Agent when she gives either actual authority or apparent authority. true or false

Q:

21.When a person, by his words and conduct, allows a third party to believe that the particular person is his agent even when he is not, and the third party relies on it to the detriment of the third...

Q:

No. 97-282 ________________________________________________ In the SUPREME COURT OF THE UNITED STATES October Term, 1997 ________________________________________________ BETH ANN FARAGHER,...

Q:

USING THE I-R-A-C STRUCTURE IN WRITING EXAM ANSWERS The IRAC method is a framework for organizing your answer to a business law essay question. The basic structure is: Issue, Rule, Analysis, and...

Q:

Instructions Prompt: San Diego, Californian is usually a cool 74 degrees year-round. However, an unseasonable cold front has come in from Alaska that has caused San Diego to fall below 50 degrees....

Q:

21. When a person, by his words and conduct, allows a third party to believe that the particular person is his agent even when he is not, and the third party relies on it to the detriment of the...

Q:

Plaintiffs, who are sisters, were defrauded by Kenneth Soule, an agent of defendant Equitable Life Assurance Society of the United States (Equitable), beginning while Soule was employed by Equitable...

Q:

You are to submit a memo suggestion internal control changes to be implemented. Internal controls are a necessary and integral part of an accounting system. The purpose of internal controls is to...

Q:

Case In State v. Zeta Chi Fraternity (1997), Zeta Chi Fraternity was convicted of selling alcohol to a person under the age of 21, and of prostitution. State v. Zeta Chi Fraternity 686 A.2d. 530...

Q:

Books: Law on Sales by De Leon, Notes in Business Law by De Leon 1. 1 st Statement - If an agent contracts in the name of his principal, exceeding the scope of his authority, the contract is...

Q:

Design an installation that will meet the hot water requirement of a 50-bed hotel in Bodrum with a solar water heater in the June-August period. Calculate the upper and lower total heat transfer...

Q:

The Sanding Department of Ortiz Furniture Company has the following production and manufacturing cost data for March 2010, the first month of operation. Production: 12,000 units finished and...

Q:

By what date must a company declare the value of noncash benefits used in 2 0 2 4 ? Multiple Choice January 3 1 , 2 0 2 5 February 1 , 2 0 2 5 January 1 , 2 0 2 5 December 3 1 , 2 0 2 4

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....