Which of the Following Is True with Regard to Contractual

question 55

Multiple Choice

Which of the following is true with regard to contractual relations between the principal and a third party?

• A) There is no liability on the part of the principal if the agent acts with implied authority.
• B) An undisclosed principal and the third party are contractually bound if the agent acts within her actual authority, unless the contract specifies otherwise.
• C) A principal cannot be bound if the agent acts without any authority.
• D) An unidentified principal is bound only if the agent acts within the scope of actual authority.

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Definitions:

Temperate Climate

A climate characterized by moderate temperatures, neither extremely hot nor cold, often with four distinct seasons.

Wealthier Countries

Countries with a high level of income per capita, indicating substantial economic resources and a better quality of life for its citizens.

Personal Space

Personal space is the physical distance individuals maintain between themselves and others in social situations, which can vary widely across different cultures and contexts.

Cultural Background

The influence of the culture in which an individual was raised, including traditions, values, norms, and practices.