Asked by Aaliyah Boone on May 01, 2024
Verified
Authority is an agent's ability to affect the principal's legal relations and affairs.
Legal Relations
Refers to the legally enforceable relationships between individuals or entities, governed by laws and statutes.
Principal's Affairs
Matters or business activities that are managed or acted upon by an agent on behalf of a principal.
- Understand the legal definitions and distinctions between principal, agent, and subagent.
Verified Answer
KE
Kelly ElaineMay 06, 2024
Final Answer :
True
Explanation :
Authority is an agent's ability to affect the principal's legal relations or affairs.
Learning Objectives
- Understand the legal definitions and distinctions between principal, agent, and subagent.