Agent Enters into a Contract with Third Party on Behalf

question 44

Multiple Choice

Agent enters into a contract with Third Party on behalf of Principal.Agent told Third Party that this contract was being entered into on behalf of someone else,but did not identify Principal to Third Party.A couple of weeks later,Principal disappears and Third Party wants to hold Agent to the contract.Third Party can:

• A) not recover from Agent because Agent had disclosed the existence of Principal
• B) not recover from Agent because Third Party must first try to recover from Principal
• C) recover from Agent because Agent had a duty to ensure that Principal performed on the contract
• D) recover from Agent because Agent did not disclose the identity of Principal
• E) recover from Agent because Agent acted on behalf of an undisclosed principal

Acquire the skills to implement basic exception handling mechanisms in Java programming.

Understand exception handling mechanisms in Java, including try, catch, and finally blocks.

Write Java programs that handle specific exceptions using customized exception classes.

Learn the concept of throwing exceptions in Java and how to define and use custom exceptions.

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Definitions:

Transactions

Financial events that affect the assets, liabilities, or equity of a company, recorded in its accounting system.

Accounting

The systematic process of recording, measuring, and communicating information about financial transactions.

Risk

The exposure to uncertainty or potential financial loss in decision-making and investment.

Return

The profit or loss derived from an investment or business operation after all expenses are accounted for.