Which of the Following Is True If an Agent Has

question 7

Multiple Choice

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

• A)The principal is not bound unless the principal ratifies the agreement.
• B)The principal is bound only if the principal is a disclosed principal.
• C)The principal is bound only if the principal is a partially disclosed principal.
• D)The principal is bound unless the principal can establish clearly and convincingly that the agent was expressly barred from engaging in the conduct at issue.
• E)The principal is bound only if the principal is an unidentified principal.