Question: What is it called when the principal knowingly takes no steps to clarify the agents authority after the agent exceeds it?

What is it called when the principal knowingly takes no steps to clarify the agents authority after the agent exceeds it?

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:

BUSINESS LAW - BLAW150 - Winter 2017 Instructor: Frank Fischer ASSIGNMENT #2 - 1st Alternative DUE DATE: Friday April 21, 2017 11:59 pm I have decided to create two (2) alternative assignments for...

Q:

Please help ASAP 1* An agreement to accept something different from that which a person believes they are entitled to receive, is called: Group of answer choices An agreement lacking consideration An...

Q:

I need one page IRAC format for this briefer case Gniadek v. Camp Sunshine at Sebago Lake, Inc. 11 A.3d 308 (Me. 2011) Camp Sunshine at Sebago Lake Inc. is a nonprofit corporation providing a...

Q:

Issue: It should start with Whether and must be answered in order to reach a conclusion in the case? This should be a legal question which, when answered, gives a result in the particular case. Rule:...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

Q:

Briefs are one page long per case (single spaces and 12 font) and have to be followed by IRAC format Gniadek v. Camp Sunshine, 11 A3d. 308 (Me. Sup. Jud. Ct. 2011) Camp Sunshine at Sebago Lake Inc....

Q:

An agent is a person who, having been granted and assumed some degree of power to do so, acts in the name of and on behalf of another. The bulk of coordinated human activity is carried out through...

Q:

Download the Exclusive Agency Agreement (pics1-8) and the Managing Agency Agreement (9-11). Complete the documentation using the details provided and upload BOTH forms to the upload box below. Sales...

Q:

For his final project, Jonathan examined the effects of two factors on how well stains are removed when washing clothes. On each of 16 new white handkerchiefs, he spread a teaspoon of dirty motor oil...

Q:

A business has non-current liabilities of 200,000 and a gearing ratio of 40%. It then takes out a long-term loan of 100,000 from the bank. Calculate its new gearing ratio after taking out this bank...

Q:

Similar to interest payments, dividends are deductible for corporate tax purposes.

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...