The given statement ''the ordinary rules of agency normally do not apply to the employment of corporate officers'' is false.
Explain the law of agency ?
- A person, known as the agent, who is permitted to act on behalf of another (known as the principal) to establish legal contacts with a third party is dealt with under a set of contractual, quasi-contractual, and non-contractual fiduciary relationships under the law of agency.
- In a nutshell, it may be described as the equal connection between a principle and an agent in which the principal, either explicitly or tacitly, gives the agent permission to act on their behalf and under their supervision.
- Thus, the agent must engage in negotiations on behalf of the principle or establish contractual relationships between the principal and third parties.
- The ordinary rules of agency normally apply to the employment of corporate officers.
Learn more about law of agency refer to :
https://brainly.com/question/15733071
#SPJ4
