Asked by lauren delancellotti on May 19, 2024
Verified
When express authority is granted for an agent to enter into a contract that is legally required to be in writing,most states require the grant of authority also to be in writing.This requirement is known as the equitable parity rule.
Equitable Parity Rule
A legal principle ensuring fair treatment of all parties by balancing interests in a judicial or contractual scenario.
Express Authority
Explicit permission granted to an individual or entity to act on behalf of another, typically in a legal or business context.
- Understand the legal ramifications of establishing an agency relationship and different forms of authority.
Verified Answer
DR
Dariela RondonMay 24, 2024
Final Answer :
False
Explanation :
When express authority is granted for an agent to enter into a contract that is legally required to be in writing,most states require the grant of authority also to be in writing.This requirement is known as the equal dignity rule.
Learning Objectives
- Understand the legal ramifications of establishing an agency relationship and different forms of authority.