Which of the Following Agents Can Be Held Personally Liable

question 13

Multiple Choice

Which of the following agents can be held personally liable to third parties for contracts negotiated on behalf of an undisclosed principal?

• A)General agents.
• B)Special agents.
• C)Secret agents.
• B
• D)Implied agents.

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Definitions:

Corporate Bylaws

The rules and procedures established by a corporation to govern its operations and management.

Internal Management

The processes, policies, and procedures that govern the day-to-day operations and decision-making within an organization or entity.

Corporate Structure

The organizational design and operational framework of a corporation, defining its departments, roles, authorities, and communication processes.

Nonprofit Corporation

A legal entity organized for a public or social benefit, exempt from paying income tax on the money it earns.