Maco CorpIs a Real Estate Development Firm and Regularly Engages Real

question 67

Multiple Choice

Maco Corp.is a real estate development firm and regularly engages real estate brokers to act on its behalf in acquiring parcels of land.The brokers are authorized to enter into such contracts,but are instructed to do so in their own names without disclosing Maco's identity or Maco's relationship to the transaction.If a broker enters into a contract with a seller on Maco's behalf:

• A)Maco will be bound by the contract because of the broker's apparent authority.
• B)the broker will not be personally bound by the contract because the broker has express authority to act.
• C)Maco will not be liable for the intentional torts of the broker committed while acting on Maco's behalf.
• D)the broker will be held liable on contracts he/she signs without disclosing Maco as the principal.

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Definitions:

Mission Statement

A concise description of an organization's fundamental purpose, outlining its objectives, ethical policies, and overall mission.

Marketing Manager

A professional responsible for overseeing and guiding the marketing activities within an organization, including strategy, planning, execution, and analysis.

Luscious Chocolate Company

Luscious Chocolate Company could denote a hypothetical or real business specializing in the creation and sale of high-quality chocolate products, aimed at providing an indulgent experience for consumers.

Marketing Plan

A comprehensive document or blueprint that outlines a company's advertising and marketing efforts for the coming period.