Author Question: How does the principal-agent relationship differ from the regular master-servant relationship? ... (Read 76 times)

Wadzanai

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How does the principal-agent relationship differ from the regular master-servant relationship?
 
  What will be an ideal response?

Question 2

Ratification is the acceptance or confirmation of a voidable act.
 
  Indicate whether the statement is true or false



cclemon1

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Answer to Question 1

The agent has the authority to contractually bind the principal to third persons.

Answer to Question 2

TRUE



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