Which of the Following Is True Regarding an Agent Who

question 26

Multiple Choice

Which of the following is true regarding an agent who is acting for an undisclosed principal?

• A) The agent will bind both himself and the principal on most contracts.
• B) The third party will never be bound in a contract with the principal.
• C) An undisclosed principal will bind only himself and not the agent.
• D) Failure to disclose the name of the principal is a form of fraud.

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Definitions:

Fossil Evidence

Physical remains or traces of ancient organisms preserved in geological formations, offering insights into past life.

Theory of Evolution

A scientific explanation for the diversity of life on Earth, proposing that species change over time through processes such as natural selection.

Genes Influence

The impact that genetic makeup has on determining physical and behavioral traits in organisms.

Traits

Characteristics or attributes of an organism that are expressed by genes and/or influenced by the environment.