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.

Comprehend the effects of partnership agreements on the rights and duties of partners.

Recognize the consequences of unauthorized activities by partners and their impact on the partnership and individual partners.

Understand the role and limitations of agents and principals within partnership contexts.

Grasp the concept and legal implications of fiduciary duties within partnerships.