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question 52

Multiple Choice

_{40. An agent acts for a(n) principal when she appears to be acting on her own behalf and the third person with}
Whom she is dealing has no knowledge that she is an agent.

• A) unidentified
• B) undisclosed
• C) unauthorized
• D) disclosed

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Definitions:

Undue Burden

A legal standard used to determine whether a law or its enforcement is excessively burdensome or restrictive on an individual or group.

Parent Corporation

A corporation that owns a controlling interest of another corporation, called a subsidiary corporation.

Subsidiary

A subsidiary is a company that is completely or partially owned and wholly controlled by another company, known as the parent company.

Commingled Assets

The mixing of assets or funds belonging to different owners, making it difficult to distinguish one's property from another's.