Question: What does it mean that an agent's knowledge is imputed to the principal? The principal is deemed to have the same knowledge as the agent

What does it mean that an agent's knowledge is imputed to the principal?
The principal is deemed to have the same knowledge as the agent
That the agent only has authority to take action with the knowledge of the principal
That an agent may only have implied authority unless the principal has direct knowledge of the agent's activities
None of the above
What does it mean that an agent's knowledge is imputed to

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