Which of the Following Is True with Regard to Contractual

question 59

Multiple Choice

Which of the following is true with regard to contractual relations between the principal and a third party?

• A) There is no liability on the part of the principal if the agent acts with implied authority.
• B) An undisclosed principal and the third party are contractually bound if the agent acts within her actual authority,unless the contract specifies otherwise.
• C) Under the Second Restatement,no principal is bound if the agent acts without any authority.
• D) A partially disclosed principal is bound only if the agent acts within the scope of actual authority.

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Definitions:

Mid-ocean Ridges

Underwater mountain ranges formed by the upwelling of magma where tectonic plates are diverging, key sites of seafloor spreading.

Granodiorite

A coarse-grained igneous rock similar to granite but with more plagioclase feldspar compared to orthoclase feldspar.

Pillow Basalt

A basaltic lava flow that includes pillow structures.

Continental Collision

An event occurring when two continental plates converge, leading to mountain building, earthquakes, and other geologic phenomena.