A Disclosed Principal Is Not Liable to a Third Party

question 32

True/False

A disclosed principal is not 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:

Conj

In context to logic, it signifies the operation of combining two or more propositions with an "and" connector to form a more complex statement.

Taut

Describes something stretched tightly or pulled to its tension point; also used metaphorically to describe something clear and effective with no wasted words.

MP

In the context of logic, it often stands for "modus ponens," a form of argument where if "if p then q" is true and p is true, then q must also be true.

Justification

The action of showing something to be right or reasonable, often by providing supporting evidence or reasoning.