An Disclosed Principal Is Liable to a Third Party for Contracts

question 71

True/False

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

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Definitions:

Final Application

The ultimate or last step in a process or series of actions, typically involving the practical or concrete use of a concept, tool, or product.

New Product

A product that has been recently developed or introduced to the market, offering new or enhanced features.

Marketing

is the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Potential Value

Represents the future benefits or value that an asset, investment, or action will potentially generate, not yet realized.