Question: True or false: if an agent makes an authorized contract for an undisclosed principal, the agent has no liability on the contract

True or false: if an agent makes an authorized contract for an undisclosed principal, the agent has no liability on the contract

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:

In the early 1990s, Jesse Derr created a corporation, JCDER Inc., to operate his construction business. At some point, Derr began referring to the corporation as J.D. Construction Co. Inc., but no...

Q:

Business Law: BRIEF THE FOLLOWING CASE USING IRAC (ISSUE, RULE, APPLICATION, CONCLUSION): In the early 1990s, Jesse Derr created a corporation, JCDER Inc., to operate his construction business. At...

Q:

I've attached the quesiton as a word file, thanks! JWCL165_c11_506-567.qxd 8/12/09 7:54 AM Page 506 11 Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings Chapter STUDY...

Q:

Which of the following is true regarding the liability of an agent acting within his or her authority on a contract involving an undisclosed principal? The law would not hold the agent liable on the...

Q:

Which of the following is true regarding the liability of an agent acting within his or her authority on a contract involving an undisclosed principal? The law would not hold the agent liable on the...

Q:

Which of the following is true regarding the liability of an agent acting within his or her authority on a contract involving an undisclosed principal? Group of answer choices The law will likely...

Q:

Which of the following is true regarding the liability of an agent acting within his or her authority on a contract involving an undisclosed principal? Group of answer choices The law will likely...

Q:

Match the following from the list. A. quantum meruit B. easement C. illegal contract D. gratuitous bailment E. restrictive covenant F. bailment G. joint tenancy H. privity of contract I. condition...

Q:

True or False: Under the rules of agency, an agent in an undisclosed principal situation is a party to the contract. Under the rules of agency, the agent in a partially disclosed principal situation...

Q:

21. Which of the following is a means by which private owners can avoid mechanic's liens? (Select all that apply) Group of answer choices Pay the property taxes on time. Contract with trusted...

Q:

Mission Electronics manufactures and sells basic DVD players for sale under various generic store brand names. The cost of one of their models follows: Materials . . . . . . . . . . . . . . . . . . ....

Q:

On January 2, Starz Inc. established an agreement with Silver Co. allowing Starz Inc. to call 100 shares of Gold Inc. stock at a strike price of $45 per share through June 30 of the following year....

Q:

What is the primary purpose of a 5 2 9 College Savings Plan? Question 3 9 Answer a . Emergency fund b . Retirement savings c . Mortgage assistance d . Tax - free educational savings

Q:

Note: This problem is for the 2018 tax year. Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's Social...