Iggy Hires Joy to Act as His Agent to Purchase

question 3

Multiple Choice

Iggy hires Joy to act as his agent to purchase Kup-a-Koffee Company.Iggy tells Joy to reveal only that she is buying the firm on behalf of a third party,without telling Kup-a-Koffee's seller who that third party is.Iggy is

• A)a disclosed principal.
• B)an implied principal.
• C)an undisclosed principal.
• D)a partially disclosed principal

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Definitions:

Prescription Medications

Refers to drugs that cannot be legally obtained without a prescription from a physician to treat and manage specific medical conditions.

Self-fulfilling Prophecy

A forecast that, whether through direct or indirect means, fulfills itself by creating a loop of positive feedback between what is believed and the actions taken.

Paranoid

A state of mind characterized by irrational distrust or suspicion of others, often leading to misinterpretation of others' intentions as malevolent.

In-group Member

An individual who belongs to and identifies with a specific social group, leading to a sense of belonging and identity within that group.