True or False: 1. A principal is always liable on

True or False:
1. A principal is always liable on a contract, whether he is fully disclosed, unidentified, or undisclosed.
2. When a contract goes wrong, a third party can always recover damages from the agent, whether the principal is fully disclosed, unidentified, or undisclosed.
3. An agent may receive profits from an agency relationship even if the principal does not know, as long as the principal is not harmed.
4. An agent may never act for two principals whose interest’s conflict.
5. An agent has a duty to provide the principal with all information in her possession that she has reason to believe the principal wants to know, even if he does not specifically ask for it.

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