Which of the Following Is True Regarding an Agent Who

question 45

Multiple Choice

Which of the following is true regarding an agent who is acting for an undisclosed principal?

• A) The agent with actual authority will bind both himself and the principal on most contracts.
• B) The third party will never be bound in a contract with the principal.
• C) An undisclosed principal will bind only himself and not the agent.
• D) Failure to disclose the name of the principal is a form of fraud.

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Definitions:

Ethanol Fuel

A type of biofuel derived from plants such as corn or sugarcane, used as an alternative to gasoline.

High Net Energy

Refers to energy sources that provide a significant amount of useful energy output compared to the energy input required to produce them.

Biofuels

Fuels derived from living matter or the waste they produce, such as ethanol and biodiesel, regarded as renewable alternatives to fossil fuels.

High Land Use

The extensive utilization of land resources for purposes such as agriculture, urban development, or industrial applications, often impacting natural habitats.