An Undisclosed Principal Is Liable to a Third Party for Contracts

question 4

True/False

An undisclosed principal is liable to a third party for contracts made by the agent acting within the scope of his or her authority.

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Definitions:

Investments

The allocation of resources, such as time, money, or effort, in the expectation of achieving a future return or benefit.

Underestimating

The act of assessing something as smaller, less important, or less severe than it actually is.

Original Estimates

The initial predictions made regarding the effort, time, and resources required to complete a project or task.

Total Estimate

The comprehensive calculation of the anticipated cost of a project or the final total quantity of something.