Which of the Following Is True If an Agent Has

question 47

Multiple Choice

Which of the following is true if an agent has no actual or apparent authority to act on behalf of a principal but the agent still enters into a contract with a third party?

• A)The principal is bound,but only if the principal is a disclosed principal.
• B)The principal is bound,but only if the principal is an unidentified principal.
• C)The principal is bound,but only if the principal is a partially disclosed principal.
• D)The principal is bound,but only if the principal is a disclosed or partially disclosed principal.
• E)The principal is not bound unless the principal ratifies the contract.

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Definitions:

Job Content

Pertains to the specific duties, tasks, and responsibilities associated with a particular job.

Optimum Work

Optimum work refers to the most efficient and effective level of effort or performance that yields the best results with the least wasted energy or resources.

Human Factors

An interdisciplinary area that focuses on understanding how humans interact with systems and products to improve safety, efficiency, and usability.

Optimal Design

The process of finding the best possible design solution based on specific criteria and constraints.