What Type of Principal Exists When His or Her Identity

question 10

Multiple Choice

What type of principal exists when his or her identity is not known and the third party is not aware that the agent is making an agreement on behalf of the principal?

• A) Partially disclosed principal
• B) Identified principal
• C) Disclosed principal
• D) Partially identified principal
• E) Undisclosed principal

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Definitions:

Current Account Deficit

When a country's total imports of goods, services, and transfers exceed its total exports.

Foreigners

Individuals or entities from one country who are living in, conducting business, or present in another country.

Assets

Resources owned by an individual or business that have value and can be used to meet debts, commitments, or legacies.

Net Creditor Nation

A country that has lent more money to other countries than it has borrowed from them.