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28 October, 03:36

An agent is authorized to act on behalf of a principal in doing business with third parties. True False

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  1. 28 October, 03:50
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    The statement is: True.

    Explanation:

    In making business relationships, an agent acts as a third party that is legally authorized to establish businesses for one of the entities involved. The entity that uses the agent as an intermediary is called the principal. The agent must follow the principal's instructions avoiding to be biased by self-interest.
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