A Partially Disclosed Principal Is Liable to a Third Party

question 30

True/False

A partially disclosed principal is liable to a third party for a contract made by the agent acting within the scope of his or her authority.

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Definitions:

Patents

Legal documents granting exclusive rights to inventors for the protection of their inventions.

Labor Management

Describes the process of coordinating and controlling the relationship between employers and workers, focusing on overseeing work conditions and employment terms.

Patent Law

The area of law that deals with the granting of patents for new inventions and the rights of the inventors.

Foreign Trading

The act of buying and selling of goods and services between countries, which is a fundamental aspect of global economies and influences political and economic relationships.