If the Principal Is Fully Disclosed in a Third Party

question 42

True/False

If the principal is fully disclosed in a third party contract, the agent alone is party to the contract.

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Definitions:

Similarity Error

An error in judgment where individuals assess others based on their own characteristics or beliefs, rather than objective criteria.

Person Perception

Involves the process by which individuals form impressions and make judgments about other people.

First-impression Error

The tendency to form lasting opinions about an individual or situation based on the initial impressions, which can often be inaccurate.

Negative Information

Data or facts that portray an adverse or unfavorable condition or aspect.