The Principal May Hold the Third Party to a Contract

question 331

Multiple Choice

The principal may hold the third party to a contract, in an undisclosed principal situation, except when the:

• A) undisclosed principal is expressly excluded as a party to the contract between the agent and the third party
• B) agent's performance is personal to the contract
• C) contract, when a negotiable instrument, does not include the identity of the principal or existence of the agency relationship
• D) undisclosed principal is expressly excluded as a party to the contract between the agent and the third party or the agent's performance is personal to the contract
• E) undisclosed principal is expressly excluded as a party to the contract between the agent and the third party or the agent's performance is personal to the contract or the undisclosed principal is expressly excluded as a party to the contract between the agent and the third party or the agent's performance is personal to the contract

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Definitions:

Automatic Processing

The cognitive process that occurs without conscious effort, allowing us to perform tasks with little mental effort once we have mastered them.

Retrace Steps

The act of going back over a route or path taken previously, often to find lost items or to recall events.

Iconic Memory

A type of visual sensory memory that preserves an image of a visual stimulus for a brief period after the stimulus is removed.

Mental Visualization

The process of creating or re-creating images, scenarios, or elements within the mind without direct input from the external senses.