Exculpatory clauses that try to relieve a principal of liability for an agent's misrepresentations usually insulate the principal from tort liability and prevent the third party from rescinding the contract.
Correct Answer:
Verified
Q14: An agent who purports to act for
Q15: If an agent has authorized his subagent
Q16: A principal can ratify an agent's unauthorized
Q17: An agent's implied authority is always considered
Q18: As a general rule,a principal is not
Q20: Respondeat superior liability depends on whether the
Q21: Tara,an agent,enters into a contract on behalf
Q22: Which of the following determines an agent's
Q23: Borg is the vice-president of purchasing for
Q24: The process by which a principal binds
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents