Where a Third Party Contracts with an Undisclosed Principal Via

question 27

Multiple Choice

Where a third party contracts with an undisclosed principal via an agent, the principal will still be able to enforce the contract with the third party unless:

• A)The agent did not have authority to act for the principal or the agent told the third party that they were acting on their own behalf.
• B)The agent did not act in good faith.
• C)The third party chooses not to proceed with the contract.
• D)The terms of the contract are unfair to the third party.

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Definitions:

Reinforcement

In behavioral psychology, a concept referring to any process that increases the likelihood of a particular response or behavior by providing a reward.

Durable Change

Long-lasting alteration in behavior or knowledge due to experience or learning.

Initial Stage

The earliest phase in a process or sequence, often characterized by the first signs or actions that mark the beginning of something.

Conditioned Response

A learned response to a previously neutral stimulus that becomes associated with an unconditioned stimulus.