When an agent is authorized by the principal to enter into a contract on the principal's behalf, the resulting contract is between the agent and the third party.
Correct Answer:
Verified
Q18: What term describes the situation when employees'
Q19: What Latin phrase means "let the superior
Q20: What is the scope of employment?
A) Zone
Q21: In business, one person often acts on
Q22: In traditional agency relationships at least one
Q24: When a third party deals with an
Q25: It is possible for a principal to
Q26: In some states, an agent can be
Q27: A special agent is a person authorized
Q28: When goods are sold on consignment, they
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