If an Agent Does Not Disclose That They Are an Agent

question 87

True/False

If an agent does not disclose that they are an agent to a third party, the agent can be personally liable for the contract.

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Definitions:

Money Income

The total amount of monetary earnings or receipts accruing to an individual or household over a specified period of time.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Market Demand Curve

A graphical representation showing the quantity of a good that consumers are willing and able to purchase at different price points, holding other factors constant.

Horizontal Sum

The process of adding the quantities demanded by all individuals at different price levels to determine the total market demand at each price.