A Large and Well-Known Corporation Wants to Acquire a Plot

question 47

Multiple Choice

A large and well-known corporation wants to acquire a plot of ground for a new plant. To avoid the extra cost, the corporation purchases the land through several agents, each purporting to be buying personally. In such cases, the corporation is a(n) _____.

• A) undisclosed principal
• B) disclosed principal
• C) partially disclosed principal
• D) subagent

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Definitions:

Withdraw

To remove oneself or one's capital from an account, agreement, or situation.

Employment at Will

An employment arrangement where either the employer or the employee can end the employment relationship at any time, for any reason not prohibited by law.

Employment Discrimination

Employment Discrimination involves unequal treatment of employees or job applicants based on race, gender, age, disability, religion, or national origin.

Federal Statutes

Laws enacted by the national legislature of a country; in the United States, laws passed by Congress and signed by the President.