If a Principal Is Undisclosed, the Agent May Be Liable

question 17

True/False

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

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Definitions:

Prefer

Expressing a choice or inclination towards one option or item over another.

Market Basket

A set of goods and services that are typically consumed by a household or used to track the cost of living or inflation.

Perfect Substitutes

Goods or services that can be used in place of one another with no loss of utility by the consumer.

Perfect Complements

Goods that are always used together in fixed proportions, such that the utility derived from consuming one good increases the utility of consuming the other.