If a Third Party Learns That an Agent Was Acting

question 56

Multiple Choice

If a third party learns that an agent was acting for an undisclosed principal, the third party has the right to:

• A)Enforce the contract against the principal and the agent jointly.
• B)Enforce the contract against the principal only.
• C)Enforce the contract against the agent only.
• D)Enforce the contract against either the principal or the agent but not both.

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Definitions:

Rate Busting

A term used, particularly in labor, to describe the act of working more quickly or efficiently than the expected or standard rate, which can disrupt agreed-upon wage scales or norms.

Group Incentives

Motivational rewards offered to a group of employees for achieving certain goals or performance benchmarks.

Disapproval

The expression of dissatisfaction or disagreement with something or someone, often leading to a negative evaluation or judgment.

Spot Bonus

An unplanned bonus given for employee effort unrelated to an established performance measure.