A principal is not liable on any contract made by the agent acting outside the scope of his or her authority
a. True
b. False
Indicate whether the statement is true or false
True
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Assuming a current ratio of 1.0 and an acid-test ratio of 0.75, how will the purchase of inventory with cash affect each ratio?
A. Decrease the current ratio and decrease the acid-test ratio. B. Increase the current ratio and decrease the acid-test ratio. C. No change to the current ratio and decrease the acid-test ratio. D. Increase the current ratio and increase the acid-test ratio.
What are single-dimension scheduling rules? Provide examples and discuss how each rule performs
What will be an ideal response?
A promissory note states that the note is due one year from March 31, 2010 "with interest at the current rate." Is this instrument negotiable?
If apparent authority is present, the principal is liable for even the unauthorized acts of the agent
Indicate whether the statement is true or false