Which of the Following Is True with Regard to Contractual

question 81

Multiple Choice

Which of the following is true with regard to contractual relations between the principal and a third party?

• A) There is no liability on the part of the principal if the agent acts with implied authority.
• B) An undisclosed principal and the third party are contractually bound if the agent acts within her actual authority, unless the contract specifies otherwise.
• C) A principal cannot be bound if the agent acts without any authority.
• D) An unidentified principal is bound only if the agent acts within the scope of actual authority.

---

Definitions:

Romanian Orphans

Refers to the children institutionalized in harsh conditions in Romania during the late 20th century, whose plight highlighted issues of child welfare and human rights.

Intellectual Underdevelopment

A situation or condition where an individual or community does not achieve cognitive growth or intellectual progress expected for their age or environment.

Societal Position

An individual's rank or role within the hierarchical structure of a society, often determined by factors like wealth, occupation, and ancestry.

Sense of Identity

The understanding or perception of oneself as a distinct, continuous entity with specific characteristics, values, and beliefs.