If an Agent Has No Authority to Act on Behalf

question 3

Multiple Choice

If an agent has no authority to act on behalf of a principal, but the agent still enters into a contract with a third party, the principal is not bound unless ________.

• A) the principal ratifies the agreement.
• B) the principal is an unidentified principal.
• C) the principal is a partially disclosed principal.
• D) the principal is expressly barred from disaffirming the agreement.
• E) a court finds that principal should be bound.

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Definitions:

Personal Fable

A cognitive distortion experienced by adolescents, believing their thoughts, feelings, and experiences are unique and not understood by others.

Personal Uniqueness

The concept that each individual has their own unique set of characteristics, opinions, and experiences.

Personal Fable

A belief held by adolescents that they are unique and invincible, leading to a sense of personal uniqueness and invulnerability.

Hypothetical-deductive Reasoning

A method of problem-solving or decision-making that involves forming hypotheses and deducing their implications to see which best fits the evidence.