The Newest Trend in Escalator Advertising Is to Place Ads

question 19

Multiple Choice

The newest trend in escalator advertising is to place ads on:

• A) the moving rails
• B) the steps
• C) the walls along the escalator
• D) the ceiling above the escalator

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Definitions:

Unidentified Principal

An unidentified principal occurs in agency relationships when the third party interacting with the agent does not know the identity of the principal for whom the agent is acting.

Disclosed Principal

A principal whose identity is made known by the agent to the third party at the time of entering into a contract with the third party.

Undisclosed Principal

A party in a contract whose identity is unknown to the third party with whom the agent interacts, during the transaction.

Contractual Liability

The obligation a party undertakes when entering into a contract, making them legally responsible for fulfilling the terms of the agreement.