Jan Hires Duncan to Act as Her Agent in Acquiring

question 42

Multiple Choice

Jan hires Duncan to act as her agent in acquiring some property for the development of a new subdivision she is planning that will be an elegant planned community.Jan instructs Duncan that he is not to say he is working for her or,for that matter,that he is working for anyone.If Duncan enters into a contract for land for Jan that is the parcel she wanted:

• A)Duncan only is liable on the contract for the purchase of the land.
• B)Jan can never be held liable for the land because Duncan acted in his name.
• C)both Jan and Duncan are liable on the contract for the purchase of land.
• D)it is fraud to conceal the identity of a party to a contract.
• E)none of the above

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Definitions:

Maintenance Rehearsal

Mechanical repetition of material without thinking about its meaning or patterns.

Primacy Effect

A cognitive bias that results in the tendency to remember information that was encountered first better than information that was presented later on.

Recency Effect

The tendency to remember the most recently presented information better than information presented earlier.

Free Recall

Free recall is a memory test in which an individual is asked to remember and reproduce information in any order without any specific cues.