In Which of the Following Situations Does the Agent Have

question 35

Multiple Choice

In which of the following situations does the agent have no liability to third parties?

• A)A contract entered into with express authority and a fully disclosed principal
• B)A contract entered into with no authority but later ratified in full by the principal
• C)A contract entered into for a corporation before the corporation was formed but with full knowledge and support of the incorporators
• D)The agent has no liability in any of the above.

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Definitions:

Enclosure

A case or cabinet designed to protect electronic components and systems from external environments.

High Voltage Spike

A sudden, short duration increase in voltage, which can potentially cause damage to electronic equipment if not properly mitigated.

Inductive Load

An electrical load that typically involves a coil winding, creating inductance, and used in devices such as motors and transformers.

Leakage Current

Unwanted flow of electrical current through an insulating material or unintended path, often due to imperfections or degradation of insulation.