Under the Third Restatement, an Agent Representing an Undisclosed Principal

question 35

Multiple Choice

Under the Third Restatement, an agent representing an undisclosed principal is discharged from liability if the third party:

• A) gets a satisfied judgment against the principal.
• B) becomes aware of the principal.
• C) gets a judgment against the agent.
• D) He is never discharged from liability.

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Definitions:

Vertical Integration

A strategy where a company expands its operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.

Goods And Services

The tangible products and intangible activities that are offered for sale or trade in the market to satisfy consumer needs and wants.

Consumerism

The societal and economic order that encourages the acquisition of goods and services in ever-increasing amounts, often prioritizing consumption over other values.

Conflict Theorists

Scholars and sociologists who emphasize the role of power disparities and social conflict in understanding social dynamics and inequalities.