Question: 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

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.
An agent enters into a contract with a third party on

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:

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:

TRUE/FALSE ___1. An agency relationship is not a fiduciary relationship. ___2. If a contract involves a sale of goods of $500 or more and services, the primary purpose of the contract (is it...

Q:

What is required to form an agency relationship? The agent must have contractual capacity. The principal must pay the agent. The agent and principal must agree to enter the relationship. The agency...

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:

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...

Q:

Unlike Chapter 7 proceedings, debtors in Chapter 11 proceedings: A. Retain ownership of his property and may continue in business under the specific guidelines of the reorganization plan. B. Have no...

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:

An agent enters an authorized contract with a third party on the principal's behalf, the principal fails to perform on the contract, and the third party recovers a judgment against the agent. The...

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:

Is also absolutely convergent? n+ 1 an

Q:

Lawyers representing the Beatles filed a $15 million suit in New York against Nike, Inc., over Nike's Air Max shoe commercial set to the Beatles' 1968 hit song "Revolution." As part of all such...

Q:

Requirement b . Identify the related accounts likely affected by the potential fraud misstatement. Likely accounts affected Use audit software to search purchase transactions to identify any with...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...