An Undisclosed Principal Is Not Liable to a Third Party

question 44

True/False

An undisclosed principal is not liable to a third party for a contract made by an agent.​

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Definitions:

Mean Income

The average income calculated by dividing the total income of a group by the number of individuals or households in that group.

Statistic

A numerical measure that describes some characteristic of a sample, such as its mean or variance, used for making inferences about a population.

Interquartile Range

A measure of statistical variability, representing the difference between the 75th (upper quartile) and 25th (lower quartile) percentiles.

Variance

A gauge for the extent of dispersion in a collection of data, derived by the average of squared differences relative to the mean.