An Agent Is Not Normally Liable on a Contract He

question 12

Multiple Choice

An agent is not normally liable on a contract he makes with a third party on behalf of a(n) :

• A) undisclosed principal.
• B) disclosed principal.
• C) unidentified principal.
• D) All of these are correct.

Identify strategies firms use in repeated games and their implications for industry dynamics.

Understand the challenges and strategies related to medication compliance in bipolar disorder treatment.

Recognize the biological basis and treatments of mood disorders, including the role of neurotransmitters and brain stimulation techniques.

Articulate the principles and phases of cognitive-behavioral therapy for unipolar depression.

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Definitions:

Tariff

A tariff is a tax imposed by a government on imported or exported goods to regulate trade, often to protect domestic industries.

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.

Consumer Surplus

The discrepancy between the sum consumers are ready and capable of paying for a service or product and the sum they actually spend.

Producer Surplus

The discrepancy between what producers anticipate accepting for a good or service and what they end up being paid.