An Agent May Agree to Become Liable on a Contract

question 58

Multiple Choice

An agent may agree to become liable on a contract between a principal and a third party in all but which of the following ways?

• A) Making the contract in the agent's own name.
• B) Guaranteeing that the principal will perform the contract between the third party and the principal.
• C) Disclosing the principal's name and the agency relationship.
• D) Co-making the contract with the principal.

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Definitions:

Coefficient Of Determination

A statistical measure that assesses the proportion of the variance in the dependent variable that is predictable from the independent variable(s), commonly represented as R^2.

Variation

The measure of the spread or dispersion of a set of values.

Standard Error Of Estimate

A measure of the accuracy of predictions made with a regression line, specifically, it estimates the standard deviation of the error term.

Coefficient Of Determination

A measure used in statistical analysis to assess the goodness of fit of a model, represented as the proportion of variance in the dependent variable that is predictable from the independent variable(s).