When a person purports to act as an agent for a principal,an implied warranty arises that such person has authority to do so.

Name: When a person purports to act as an agent for a principal,an implied warranty arises that such person has authority to do so.
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Quizplus · Accepted Answer

This statement is true. When an agent acts on behalf of a principal, there is an implied warranty that the agent has the authority to do so. This means that the principal can assume liability for the actions of their authorized agent.

When a Person Purports to Act as an Agent for a Principal,an