An Agent Who Makes a Contract for a Disclosed Principal

question 82

Multiple Choice

An agent who makes a contract for a disclosed principal whose contracts are voidable for lack of contractual capacity:

• A) is never liable to the third party.
• B) can be liable to the third party under certain circumstances.
• C) is liable to the third party only if the agent warrants the principal has capacity.
• D) is ordinarily personally liable to the third party if the principal avoids the contract.

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Definitions:

Academic Aptitude

Refers to an individual's capacity to learn, understand, and perform well in an academic setting.

General Intelligence

A theoretical construct that involves the ability to think abstractly, reason, understand complex ideas, and solve problems.

Multiple Intelligences

A theory proposed by Howard Gardner that suggests individuals have different kinds of intelligences, such as linguistic, logical-mathematical, musical, bodily-kinesthetic, spatial, interpersonal, intrapersonal, and naturalist.

Analytical Intelligence

The ability to analyze, evaluate, judge, or compare and contrast information.