Ann Is Interested in Purchasing Ted's Factory

question 163

Multiple Choice

Ann is interested in purchasing Ted's factory. Since Ann is a poor negotiator, she hires Mary to negotiate the purchase price. Identify the parties to this transaction.

• A) Mary is the principal and Ann is the agent.
• B) Ted is the principal and Ann is the agent.
• C) Mary is the agent while Ted and Ann together are principals.
• D) Ann is the principal and Mary is the agent.
• E) Ann is the principal and Ted is the agent.

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Definitions:

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