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.

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Definitions:

Incentive

A motive or condition that encourages or motivates individuals or organizations to act in a certain way.

Produce

Fresh fruits and vegetables that are grown for consumption.

Implicit Marginal Tax Rates

The indirect rates at which additional income is taxed, factoring in the loss of government benefits or subsidies as income increases.

Poverty Threshold

The minimum level of income deemed adequate in a particular country to live on, below which one is considered to be in poverty.