Which of the Following Is False Regarding Classification of Principals

question 30

Multiple Choice

Which of the following is false regarding classification of principals?

• A)If the third party does not know that an agent is acting on behalf of a principal,an undisclosed principal is involved.
• B)When the third party is aware that the agent is making an agreement on behalf of a principal and also knows who the principal is,the principal is a disclosed principal.
• C)Classification of the principal is important because it helps determine the principal's liability.
• D)An unidentified principal is in the same classification as a partially disclosed principal.
• E)If the third party is aware of the principal's existence but not his or her identity,the principal is classified as a disclosed principal.

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Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities, influencing how an individual perceives, thinks, and understands their world.

Secondary Circular Reactions

A developmental stage in infants, identified by Jean Piaget, involving repetitive actions focused on external objects, symbolizing the beginning of intentional and coordinated activities.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, typically developed during infancy.

Secondary Circular Reactions

Repetitive actions in infants aged 4-8 months, centered around the infant's own body, demonstrating the beginning of intentionality.