In a Simple Contract Made by an Authorized Agent on Behalf

question 38

True/False

In a simple contract made by an authorized agent on behalf of a disclosed principal, the third person may sue either the agent or the principal in the event of a breach.

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Definitions:

Private Placement

The sale of securities to a relatively small number of selected investors as a way of raising capital, not publicly offered in the open market.

Commercial Banks

Financial institutions that offer a wide range of services like accepting deposits, providing business loans, and offering basic investment products.