An Agent's Liability as a Party to a Contract with a Third

question 9

True/False

An agent's liability as a party to a contract with a third person is affected little by the degree of disclosure of the principal.

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Definitions:

Disclosure Statement

A formal document that outlines the essential information and details about a business or financial activity, often required by law to ensure transparency.

Purchase Obligations

Commitments made by a company to buy goods or services under specified terms in the future.

Product or Service Restrictions

refer to limitations or rules placed on the sale or provision of certain goods or services, often for safety, legal, or ethical reasons.

Franchise Contracts

Legal agreements granting someone the rights to operate a business under a franchisor's brand and business model.