A principal will be liable for the contracts entered into by his or her agents in emergency situations under the theory of:

Question

Quizplus · Accepted Answer

The theory of agency by operation of law applies when an emergency situation arises, and an agent takes necessary actions on behalf of the principal to protect the principal's interests. In such cases, the principal may be held liable for the contracts entered into by the agent. This theory is based on the principle of necessity, which allows an agent to act in the absence of explicit authority in a situation where delay could cause harm to the principal's interests.

A Principal Will Be Liable for the Contracts Entered into by His