A Principal Whose Identity Is Known by a Third Party

question 25

True/False

A principal whose identity is known by a third party with whom an agent contracts on the principal's behalf is a disclosed principal.

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Definitions:

Simplicity Movement

A loosely knit movement that opposes consumerism and encourages people to work less, earn less, and spend less, in accordance with nonmaterialistic values.

Cultural Capital

The accumulated cultural knowledge and artifacts that confer social status and power, including education, manners, tastes, and language proficiency.

Downshift

The act of reducing one's work hours or responsibilities, often in pursuit of a simpler or more balanced life.

Invisibility Of Poverty

The concept that poverty is often overlooked or ignored by those not experiencing it, leading to a lack of understanding and support for the impoverished.