In the Case of an Undisclosed Principal,a Third Party

question 33

Multiple Choice

In the case of an undisclosed principal,a third party 

• A)can only recover from the principal.
• B)can only recover from the agent.
• C)cannot recover at all.
• D)can recover from either the agent or the principal.

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Definitions:

Special Order

A request for a product or service that is not part of a company’s standard offering, often requiring customization or special handling.

Opportunity Cost

The potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Opportunity Cost

The foregone benefit that would have been derived by an option not chosen.

Alternative Action

Potential different courses of action considered in a decision-making process.