Question: When a valid contract is entered into by an agent on the principals behalf, in a nondisclosed principal situation, which of the following statements concerning

When a valid contract is entered into by an agent on the principal’s behalf, in a nondisclosed principal situation, which of the following statements concerning the principal’s liability is correct?

The principal may be held liable once disclosed The principal must ratify the contract to be held liable

a. Yes Yes

b. Yes No

c. No Yes

d. No No

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Model Based Testing For Embedded Systems Questions!

When a valid contract is entered into by an agent on the principals behalf, in a nondisclosed principal situation, which of the following statements concerning the principals liability is correct?...

Please answer those questions The doctrine of precedent: a. Requires a judge to decide an issue in a case based on the evidence b. Requires a judge to decide an issue in a case based on statutory law...

PLEASE HELP ME! CAN YOU ANSWER WITH LETTER ONLY YOU DON'T HAVE TO EXPLAIN IT! JUST LETTER. ASAP 1.If ABC Corporation will increase its authorized capital stock, the Revised Corporation Code requires...

Question 1 Anil is a new customer service representative in a busy insurance company sales department. In training, he is finding that his employer greatly values acting professionally at all times....

Sally is purchasing a $400,000 home and the lender has approved her for a $320,000 mortgage with a 6% interest rate, amortized over 30 years. What will Sally's yearly principal and interest payment...

21. As an artificial being, which of the following constitutional rights is not available to a corporation?A. Right to due process of law B. Right to equal protection of the law. C. Right against...

1. A statute is a judge-made common law rule. True False 2. A state court has in personam jurisdiction over defendants who are citizens or residents of the state. True False 3. Summary judgment...

Chapter 13 Food Legislation INTRODUCTION 5 This chapter provides an understanding of some of the requirements that hotels, restaurants and food outlets must comply with when serving, handling,...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Write an equation in which H2PO3 acts as an acid and another in which it acts as a base.

Reconsider the nonconvex programming problem shown in Prob. 14.3-7. Suppose now that the variable x is restricted to be an integer. (a) Perform the initialization step and the first iteration of the...

( - 2 ) * * * * 3 equals Select one: a . - 8 b . 8 c . 2 d . - 2

What steps could a company take to avoid making product design and marketing mistakes when introducing new products into East Germany? How would you go about hiring a plant manager for a facility you...