Which of the Following Is Correct with Regard to a Contract

question 49

Multiple Choice

Which of the following is correct with regard to a contract entered into with a third person by an agent of an undisclosed principal?

• A) The agent has no liability to the third person if the agent has acted within the scope of her authority.
• B) The agent is personally liable upon the contract.
• C) The undisclosed principal has no liability on the contract, even if her existence and identity are discovered by the third person.
• D) If the third party obtains a judgment against the principal and the judgment is satisfied, the agent may still have liability to that third party.

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Definitions:

Standard Normal

A normal distribution with a mean of 0 and a standard deviation of 1, used as a basis in statistical analysis for converting scores from any normal distribution.

Random Variable

A variable whose values depend on outcomes of a random phenomenon.

Standard Normal

A Gaussian distribution defined by a zero mean and a one standard deviation.

Random Variable

A numerical variable influenced by the randomness of an event.