An Agent's Liability to a Third Person Is Not Affected

question 24

True/False

An agent's liability to a third person is not affected by the degree of the principal's disclosure.

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Definitions:

British Pounds

The currency of the United Kingdom, also known as GBP, which is one of the world's major currencies.

Foreign Exchange Gain

A profit resulting from changes in exchange rates affecting the value of investments or transactions in foreign currencies.

Non-Interest-Bearing Note

A type of debt instrument that does not pay interest but is instead issued at a substantial discount from its face value and pays its full face value at maturity.

U.S. Dollar Equivalent

The value of a foreign currency expressed in terms of the quantity of United States dollars it can be exchanged for, based on current exchange rates.