Question: Where an agent enters into a contract with a third party and discloses that a principal exists but does not disclose the identify of the

Where an agent enters into a contract with a third party and discloses that a principal exists but does not disclose the identify of the principal then

Group of answer choices

The agent and the principal are equally liable on the contract

Only the agent is liable on the contract

Only the principal is liable on the contract

The agent is liable for the contract if the principal does not perform

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!

Where an agent enters into a contract with a third party and discloses that a principal exists but does not disclose the identify of the principal then Group of answer choices a . The agent and the...

Question 3 Where an agent enters into a contract with a third party and discloses that a principal exists but does not disclose the identify of the principal then The agent and the principal are...

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....

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...

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...

If an agent makes a contract with a third party that expressly excludes the principal from the contract, which statement effectively describes the liability of the principal? Group of answer choices...

An ad in the morning paper reads: "Brand new 2012 Ford Escorts $16 499. No payment until January 2012. We make your first payment." This is an example of which of the following? Group of answer...

Hello, please answer this brief in IRAC format 1 page length Treadwell v. J.D. Construction Co. 938 A.2d 794 (Me. 2007) In the early 1990s, Jesse Derr created a corporation, JCDER Inc., to operate...

QUESTION 1 Which of the following is a true statement? A.Offensive speech is generally considered to be unprotected speech. B.Commercial speech generally is not protected by the Constitution since it...

Chapter 1. Sample Assignment Instructions Find a sample document or article online related to a main topic in the chapter. In the Discussion Section, respond to two classmates and post the title &...

1. On July 1, the Duncan & Evan partnership agreed to admit Foster to the partnership. Foster will receive a 40% share of the business for a cash investment of $200,000. Information regarding the...

The National Highway Traffic Safety Administration (NHTSA) conducts crash tests of cars. One car of each different model is randomly selected for testing. Determine whether the sample is a simple...

Concerning incremental project cash flow, which of these is a cost one would never count as an expense of the project? 1 0 points 0 1 : 5 9 : 4 3 Multiple Choiceoperating expelses of the...

Baskin Promotions, Inc. sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 71,000 T-shirts:...