When a Principal Is Partially Disclosed

question 45

Multiple Choice

When a principal is partially disclosed

• A)the agent and principal will be jointly and severally liable on the contract.
• B)the agent and principal will be only jointly liable on the contract.
• C)only the principal can be liable.
• D)only the agent is liable.

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Definitions:

Two-tailed Test

A statistical hypothesis test in which the area of rejection is on both sides of the sampling distribution, allowing for testing in both directions.

Z-statistic

A statistical measure that quantifies the distance (in standard deviation units) a data point is from the mean of a distribution.

Two-tailed Test

A statistical test that considers both directions of an effect, testing the possibility of relationships in both positive and negative directions.

Significant

Denoting a result in statistical analysis that is likely not due to chance, thereby indicating a meaningful difference or correlation.