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:

Face Value

The nominal or dollar value printed on a security, such as a bond or stock, representing its official worth.

Quoted Price

The ongoing price tag attached to buying or selling a service or asset.

Selling Price

The amount of money a customer pays to purchase a product or service.

Market Interest Rate

The prevailing rate of interest available in the marketplace for securities of similar risk and maturity.