In an Undisclosed Principal Situation in Which the Agent Does

question 63

Multiple Choice

In an undisclosed principal situation in which the agent does not have the authority to enter into a contract for real property and does so:

• A)only the principal is liable on the contract.
• B)the third party can elect to hold the principal or agent liable.
• C)only the agent is liable on the contract.
• D)none of the above

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Definitions:

Allegorical Statement

An expression that uses symbolic figures, actions, or representations to convey a deeper moral or spiritual meaning.

Metaphorical Statement

An expression that refers to one thing by mentioning another, used to make a comparison that emphasizes a particular point or concept.

Communicating

The process of conveying or sharing information, ideas, or feelings through speech, writing, signals, or behaviors.

Defamed Party

An individual or entity that has been falsely accused in a manner that damages their reputation.