An Agent Is Never Liable for a Contract That It

question 21

True/False

An agent is never liable for a contract that it negotiates on behalf of an identified principal.

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Definitions:

QuickBooks Lists

Features within QuickBooks software that organize data into manageable categories like vendors, customers, and inventory items for easy access and management.

Opening Balance

The opening balance is the amount of funds in an account at the start of a new accounting period, carried over from the end of the previous period.

New Account

The initial setup or registration of an account in a financial system or online service.

Account Options

Various choices available to users for setting up, managing, and customizing their financial accounts within a software or service.