Question: An agent enters into a contract with a third party on behalf of a principal. The contract is: Group of answer choices void valid, but

An agent enters into a contract with a third party on behalf of a principal. The contract is:
Group of answer choices
void
valid, but only if in writing.
enforceable against the principal
missing fiduciary duty

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 General Management Questions!

Q:

1. An agent acting for a principal is hired to bid on artwork at an auction (for the principal's art collection).Under the scenario, the agent may: a. Make bids as high as the principal authorizes....

Q:

3. The emergence of federal laws regulating employment arrangements occurred closely after which significant period or event in United States history? c. The assassination of President John F....

Q:

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

Q:

An agent enters into a contract with a third party on behalf of a principal. The contract is: Group of answer choices enforceable against the principal missing a fiduciary duty void valid, but only...

Q:

An agent enters into a contract with a third party on behalf of a principal. The contract is: void enforceable against the principal missing fiduciary duty valid, but only if in writing.

Q:

Where an agent enters into a contract with a third party and discloses that a principal exists but does not disclose the identify of the principal then Group of answer choices The agent and the...

Q:

Where an agent enters into a contract with a third party and discloses that a principal exists but does not disclose the identify of the principal then Group of answer choices a . The agent and the...

Q:

Wk6 Review Guide Questions 1. A person who has the capacity to contract may appoint an agent to contract on his/her behalf. The power of an agent is limited to the capacity of the principal. If a...

Q:

Use this fact situation to answer the related questions that follow. A , B , and C have been carrying on a business in partnership for two years but are not getting along very well. The business...

Q:

1) In New York Times v. Tasini the Supreme Court held that electronic publication of copyrighted works did not violate the copyright so long as they were not sold for profit. a)True b) False 2) It...

Q:

Harrys Helpers provides locksmith services. One type of service call is to evaluate private residences for security concerns and make recommendations for a safety plan. Use the data below to...

Q:

The local government of a city has to build a bridge to connect the city with another big city nearby. This government has to bear all the construction and maintenance costs. There are two...

Q:

The call is currently priced at $ 8 . 9 7 5 ( mid - point of bid - ask spread ) . What is the implied volatility of the call's market price?

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...