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:

Z-test

A Z-test is a statistical test used to determine whether two population means are different when the variances are known and the sample size is large.

Sample Mean

The sample mean is the average value of a sample set of numbers, calculated as the sum of the individual values divided by the number of values in the sample.

Population Mean

The average of all the items in a population, representing the central tendency.