Which Parties Are Bound by the Contract Arising from a Properly

question 12

Multiple Choice

Which parties are bound by the contract arising from a properly fulfilled agency?

• A) Trustee and Agent.
• B) Trustee and Beneficiary.
• C) Principal and Agent.
• D) Agent and Third Party.
• E) Principal and Third Party.

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Definitions:

Contrapositions

Logical relationships between statements where the antecedent of one is the negation of the consequent of the other, and vice versa.

Contraries

Concepts, assertions, or items that are opposite in nature, characteristics, or meaning.

Contradictories

Propositions or statements that cannot both be true at the same time, but can both be false; in classical logic, the relationship between two logical statements where one negates the other.

Categorical Proposition

An assertion that explicitly states a relationship between two classes, often highlighted by keywords like 'all', 'no', or 'some'.