Question $14($Mandatory$)(2$ points$)$

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John has been hired by Bubbaweiser Beer Company to purchase an airplane. He approaches Sam who has a Cessna for sale. John does not mention that he is making this purchase on the behalf of someone else. He negotiates a deal. Two weeks later, Sam learns that John did not negotiate the deal for himself, but was acting as an agent. Bubbaweiser declares bankruptcy and cannot buy the plane. John:

$$ Can be held liable on the contract because this was an undisclosed agency.

Can be held liable on the contract because this was a partially disclosed agency.

Can be held liable on the contract simply because he is an agent.

Cannot be held liable on the contract.