Which of the Following Is True with Regard to Contractual

question 81

Multiple Choice

Which of the following is true with regard to contractual relations between the principal and a third party?

• A) There is no liability on the part of the principal if the agent acts with implied authority.
• B) An undisclosed principal and the third party are contractually bound if the agent acts within her actual authority, unless the contract specifies otherwise.
• C) A principal cannot be bound if the agent acts without any authority.
• D) An unidentified principal is bound only if the agent acts within the scope of actual authority.

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Definitions:

Secondary Succession

Secondary succession is the ecological process of change and development in an area where an ecosystem has been previously established but has then been disrupted.

Tropical Communities

Tropical communities refer to the ecosystems found in the equatorial regions characterized by high biodiversity, warm temperatures, and significant annual rainfall.

Food Chain

The series of organisms through which energy flows in an ecosystem. Each organism in the series eats or decomposes the preceding organism in the chain.

Competitive Exclusion

A principle stating that two species competing for the same limiting resources cannot coexist at constant population values.