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:

Emotion

Feeling, or affect, that occurs when people are engaged in an interaction that is important to them, especially one that influences their well-being.

Self-Regulation

The ability to manage one's emotions, thoughts, and behaviors effectively in different situations, involving controlling impulses and executing self-control.

Domain-Specific

Domain-specific refers to knowledge, skills, or competencies that apply to a particular area or discipline, rather than being general or universal.

Financial Condition

The status of an entity's financial health, measured through assets, liabilities, and equity positions.