If the Principal Is Undisclosed, an Agent Is Likely to Be

question 45

True/False

If the principal is undisclosed, an agent is likely to be liable to the third party.

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Definitions:

Fried Twinkies

A deep-fried snack made from an American Twinkie cake, often found at fairs and festivals as an example of indulgent carnival food.

Tax Rate

The percentage at which an individual or corporation is taxed.

Incidence

Of a tax, a measure of who really pays a tax.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved.