An Agent for an Unidentified Principal Is Liable on the Contract

question 60

True/False

An agent for an unidentified principal is liable on the contract to the third party no matter whether the particular transaction is authorized or not.

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Definitions:

Global Economy

The interconnected and interdependent nature of the world's economies, characterized by global trade, investment, and cultural exchange.

Environmental Practices

Activities and policies implemented by individuals, businesses, or governments aimed at minimizing negative impacts on the natural environment.

Human Resource Planning

The process of predicting and planning for future HR needs to ensure the organization has the right number of employees with the right skills at the right time.

Compensation Policies

Guidelines that dictate how employees are rewarded for their work, including wages, salaries, bonuses, and benefits.