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.

Describe psychological characteristics common among ethnically and culturally diverse clients and relate them to the helping process.

Recognize the diversity within "White" racial categories and the implications for identity and service provision.

Understand the importance of demographic and cultural information in assessing the needs of a culturally diverse client.

Explain the definition and components of racial groups and their relevance to social identity and service provision.

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Definitions:

Price Volatility

The rate at which the price of a security increases or decreases for a given set of returns, indicative of the risk or uncertainty of the security's value over time.

Reinvestment Risk

The risk of earning less interest or dividends from future investments when existing bonds, stocks, or other income-generating assets mature or are sold.

Macaulay Duration

A measure of the weighted average time until a bond's cash flows are repaid, used in assessing interest rate risk.

Future Value

The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today, taking into account various factors like interest or returns.