A(n) ____ Is One Whose Identity Is Unknown by the Third

question 200

Multiple Choice

A(n) ____ is one whose identity is unknown by the third party at the time when a contract is entered into with an agent.

• A) clear principal
• B) disclosed principal
• C) specific principal
• D) legitimate principal
• E) none of the other choices are correct

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Definitions:

Intangible Assets

Non-physical assets held by a company, such as patents, trademarks, copyrights, and goodwill, that add value to the business.

Cash Equivalents

Investments that are of a short-term nature, easily convertible into a specific amount of cash, and possess an initial maturity period of no more than three months, characterized by their high liquidity.

Maturity Dates

The dates on which debt or investment instruments are due to be repaid or reach their term end.

Securities

Financial instruments representing ownership positions in corporations (stocks), creditor relationships with governmental bodies or corporations (bonds), or rights to ownership as represented by an option.