Question: I need help with this prompt: The extent to which the agency is disclosed determines whether the agent or principal is liable for a contract

I need help with this prompt:

The extent to which the agency is disclosed determines whether the agent or principal is liable for a contract created by an agent. Contracts created by disclosed agents are fully and entirely accountable to the principal. Yet, contracts created through an unreported agency puts agents totally accountable. Why would the agent's responsibility be affected by the level of disclosure?

PLEASE be SPECIFIC with your answer.

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 Law Questions!