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When an agent negotiates a contract on behalf of the principal the liability of the principal will depend on if?
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What is the Person that negotiates on behalf of a country called?
An ambassador
How can an agent avoid incurring personal liability while acting on behalf of his principal especially if the principal is either unknown or insists on remaining anonymous?
Due diligence and insurance... or don't do business with that party.
Who is the principle in real estate?
Principal is a legal term. The principal is the person or entity who hires another(via contract) to perform a task on the principal's behalf. These people are called agents. Therefore: Homeowner= Principal hires the... Real estate "Agent"
Can person with a power of attorney take property from other residents when they live in another state?
An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.
What does its mean on a contract signature line?
"Its" means, literally, just that. As in you are "John Smith" signing on behalf of "John & Co" as Its President. The purpose of this is to indicate that you are signing only on behalf of the entity rather than as an individual, therefore protecting you from personal liability.
Why is it impossible for there to be apparent authority for an agent who is acting on behalf of an undisclosed principal?
You don't have all the elements necessary to acquire an enforceable contract. "Apparent" authority doesn't count.
What is a collections agent?
A collective bargaining agent is an organization that negotiates with employers on behalf of employees. This is what is commonly known as a trade union.
What is a collective bargaining agent?
A collective bargaining agent is an organization that negotiates with employers on behalf of employees. This is what is commonly known as a trade union.
What means to exchange a contract for money on behalf of an insurer?
It means to give a contract to a companny on behalf of a insurer and and give them some money
Who would Power of Attorney be executed by?
A Power of Attorney is executed voluntarily by the principal who wishes to grant another person the authority to act for them on their behalf. The principal must have the legal capacity to execute a POA.A Power of Attorney is executed voluntarily by the principal who wishes to grant another person the authority to act for them on their behalf. The principal must have the legal capacity to execute a POA.A Power of Attorney is executed voluntarily by the principal who wishes to grant another person the authority to act for them on their behalf. The principal must have the legal capacity to execute a POA.A Power of Attorney is executed voluntarily by the principal who wishes to grant another person the authority to act for them on their behalf. The principal must have the legal capacity to execute a POA.
Can a person who has been bankrupt have power of attorney over someones property and affairs?
Whether or not authorized in a power of attorney instrument, typically an agent may not: Perform duties under a contract that requires personal services of the principal; Make an affidavit as to the principal's personal knowledge; Vote on behalf of the principal in a public election; Execute or revoke the principal's will or codicil; or Exercise powers or authority held by the principal in a fiduciary capacity.
Which US department interacts with other nations on our country's behalf?
The Department of State is responsible for interacting with other nations on behalf of the United States. It conducts diplomatic relations, negotiates treaties, and represents the U.S. in international organizations.
