An Agent for an Unidentified Principal Is Liable on the Contract

question 60

True/False

An agent for an unidentified principal is liable on the contract to the third party no matter whether the particular transaction is authorized or not.

Determine the cost of a product based on its selling price and markup percentage.

Calculate markup percentages based on cost and selling price.

Analyze real-world business scenarios to apply markup principles.

Distinguish between markup based on cost and markup based on selling price.

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Fundamental Form

The most basic or essential structure or nature of an entity or concept.

Control of Women

The practices, structures, and social norms aimed at regulating women's behavior, appearance, and roles in society.

Experiments

Structured and controlled tests or investigations designed to examine hypotheses and observe effects of manipulated variables.

Laboratory

A controlled setting designed for scientific experimentation, research, or testing.