When a Principal Is Classified as a ________ Principal,a Third

question 77

Multiple Choice

When a principal is classified as a ________ principal,a third party is aware that an agent is making an agreement on behalf of the principal and the third party also knows the identity of the principal.

• A)virtual
• B)statutory
• C)disclosed
• D)partially disclosed
• E)quasi-

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Definitions:

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.

Federal Statute

A law enacted by the federal government of a country.

State Constitutional Provision

A legal provision or amendment within a state's constitution that outlines specific rights, responsibilities, or regulations unique to that state.

Procedural Due Process

Procedural due process is the legal requirement that the state must respect all the legal rights owed to a person, including ensuring fair procedures when it seeks to deprive a person of life, liberty, or property.