Asked by
Lauren Deville
on Nov 10, 2024
Verified
Any restrictions in the employment contract between principal and agent on an agent's authority will be binding on a third party.
Employment Contract
A legal agreement between an employer and an employee that outlines the terms of employment, including duties, duration, and compensation.
Binding
A term referencing agreements or legal decisions that are enforceable and must be adhered to by the parties involved.
- Distinguish between perceived and real authority and understand their consequences.
- Examine the consequences that arise from an agency relationship in interactions with third parties.
Verified Answer
CB
Learning Objectives
- Distinguish between perceived and real authority and understand their consequences.
- Examine the consequences that arise from an agency relationship in interactions with third parties.