Which of the Following Is True Regarding the Liability of a Principal

question 78

Multiple Choice

Which of the following is true regarding the liability of a principal to an agent based on a contract an agent makes with a third party that expressly excludes the principal from the contract?

• A)The principal is liable to the agent because it is per se unconscionable to exclude a principal from a contract.
• B)The principal is liable to the agent,but only if the principal is an unidentified principal.
• C)The principal is liable to the agent,but only if the principal is a partially disclosed principal.
• D)The principal is liable to the agent,unless the principal gave the agent authority in writing to make the agreement with the third party.
• E)The principal is not liable to the agent.

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Definitions:

Supply of Tablets

Refers to the total quantity of tablet computers that producers are willing and able to sell at a given price level in a given time period.

Equilibrium Price

Equilibrium price is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Welfare Economics

A branch of economics that focuses on the optimal allocation of resources and goods and aims to evaluate the economic well-being of individuals and society.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefits to all participants in the market transaction.