Under the Third Restatement,an Agent Who Represents an Undisclosed Principal

question 14

Multiple Choice

Under the Third Restatement,an agent who represents an undisclosed principal is discharged from liability if:

• A) the third party's judgment against the principal is satisfied.
• B) the third party becomes aware of the principal.
• C) after learning the identity of the principal,the third party gets a judgment against the principal.
• D) The agent is never discharged from liability.

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Definitions:

Knowledge

The information, understanding, and skills that individuals acquire through experience or education.

Experience

The knowledge or skill acquired by direct observation, participation, or event occurrence over time.

Judgment

The ability to make considered decisions or come to sensible conclusions based on available information.

Compliance

The act of adhering to rules, standards, or laws set by governing bodies or organizational policies.