Question: When an agent acts beyond the specific authority given by the principal, that action will not be binding on the principal. * 2 points True

When an agent acts beyond the specific authority given by the principal, that action will not be binding on the principal.
*
2 points
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 Programming Questions!

Q:

Statement I: Instructions contemplate only private rules of guidance to the agent and are independent and distinct from the agent's authority. Statement II: The liability of the agent for either...

Q:

1.* A partner in a firm which gives negligent advice may personally liable for the adverse consequences 2. * A director in a limited company will usually be held personally liable for the...

Q:

Ture/False? 21* In New Zealand a draft Act of Parliament is a Bill which passes through various stages of discussionand becomes law when signed by the British Queen's representative in NZ, the...

Q:

1.The court will make a rebuttable presumption that in social or family arrangements there is always an intention to create legal relations 2.Unlike the position in Civil Law Countries there must be...

Q:

True or False 1* Liability for the consequences of negligence are limited to physical harm to persons or property 2* A person can be held concurrently liable for both a breach of contract and in the...

Q:

MULTIPLE CHOICE QUESTIONS A contract is said to be perfecta when: a. The thing sold has not been specified. b. None of the above. c. The price is not fixed and not ascertainable d. The contract is...

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:

MULTIPLE CHOICE (JURISDICTION IN PHILIPPINES) D borrowed P1M from C. C assigned his credit to A. Does C need D's consent for the assignment to be valid? A. Yes B. No Who is bound when an agent acts...

Q:

1 Which is an obligation of the agent who declines the agency?* Observe the diligence of a good father of a family in the custody and preservation of the goods forwarded to him Appoint an agent in...

Q:

* A tort is a 'wrong' which when committed by someone [a tortfeasor ] gives the person harmed by it a right to take action, for example the tort of trespass by placing building materials used to...

Q:

A register contains eight random binary digits which are mutually independent. Each digit is a zero or a one with equal probability. (A) Describe an appropriate probability space (2, F, P)...

Q:

Air at 60C and 1 atm flow over a 0.3-m-wide plate at 65C at a velocity of 3.0 m/s. Compute the following quantities at = 0.3 m: (a) Hydrodynamic boundary layer thickness, m (b) Local friction...

Q:

Which of the following types of audit procedures is ordinarily emphasized the least when auditing peyrolir? A . tests of details of balances B . substantive analytical procedures C . tests of...

Q:

Three OH variances Berlin Ltd. uses a combined overhead rate of $2.00 per machine hour sa apply overhead to produm. The rate was devloped at an annot expected capacity of 211:200 machine hours each...