If a Principal Is Disclosed, the Agent May Be Liable

question 55

True/False

If a principal is disclosed, the agent may be liable to a third party for the principal's nonperformance of a contract.

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Definitions:

Ethical Decision-making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Decision-making Approach

A systematic process for making choices among various alternatives, often involving steps such as identifying a problem, generating options, and selecting a course of action.

Fairness

The quality of treating people equally or in a way that is right and just.

Justice

The concept of fair treatment and equitable distribution of benefits and burdens within society or an organization.