The Agent of a Disclosed Principal Is Liable for Harm

question 51

Multiple Choice

The agent of a disclosed principal is liable for harm caused to third persons by:

• A) the fraudulent acts of the agent.
• B) the malicious acts of the agent.
• C) both a.and b.
• D) none of the above.

---

Definitions:

Velocity of Money

The rate at which money circulates in the economy, typically measured as the ratio of GDP to the national money supply.

United States

A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Mid 1950s

Refers to the period from 1954 to 1956, a time characterized by post-WWII recovery, significant cultural shifts, and the early stages of the Cold War.

Stabilization Policy

Government policies aimed at stabilizing the economy by reducing fluctuations in production, employment, and prices.