Q1. The agent has no liability to third parties when?

a- The contract is entered into by agent with no authority.

b- The contract is entered into by agent with authority but for an unidentified principal.

c- The contract is entered into by agent with express authority for a fully disclosed principal.

d- The agent has no liability in all of the above

Q2. An agent with a conflict of interest to the principal:

a- Must act in his own self interest.

b- s probably committing fraud unless the agent fully discloses the conflict of interest to the principal. c- May still represent the principal without disclosing the conflict of interest.

d- All of the above