Which of the following states that the agent has authority only to make representation contained in the contract and that only those representations bind the principal?
A)Representation clause
B)Exculpatory clause
C)Liability clause
D)Agent's clause

Question

Quizplus · Accepted Answer

Exculpatory clauses typically state that the agent has authority only to make the representations contained in the contract and that only those representations bind the principal.Exculpatory clauses do not protect a principal who intends or expects that an agent will make false statements.

Which of the Following States That the Agent Has Authority