Which of the Following Is True Regarding Agent Liability When

question 8

Multiple Choice

Which of the following is true regarding agent liability when a third party gets a judgment against a previously undisclosed principal?

• A) The agent is freed from liability to the third party.
• B) The agent remains liable to the third party.
• C) The agent is freed from liability to the third party unless the principal refuses to pay.
• D) The agent is freed from liability to the third party unless the principal files for bankruptcy.
• E) The agent is freed from liability to the third party unless a contract for personal service was involved.

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Definitions:

Prices

The amount of money required to purchase goods or services, determined by factors such as supply, demand, and production cost.

Bitcoin

A digital currency that operates independently of a central bank or a single administrator, allowing users to send it directly to one another on the bitcoin network, which is peer-to-peer.

Traditional Currency

Money that is issued by governments as legal tender, typically in the form of coins and paper bills, used as a medium of exchange for goods and services.

Volatile

Pertains to substances that easily vaporize at normal temperatures or data storage that lose its content when power is switched off, in computing contexts.