A Principal Whose Identity Is Known by a Third Party

question 25

True/False

A principal whose identity is known by a third party with whom an agent contracts on the principal's behalf is a disclosed principal.

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Definitions:

Leaders

Individuals who guide or direct in a course by showing the way, influencing, or commanding a group, organization, or country.

Management

The process of dealing with or controlling things or people, often involving planning, organizing, directing, and monitoring organizational resources.

Trait Definition

Involves identifying specific qualities, such as personality or intelligence, that differentiate leaders from non-leaders.

Leadership

The act of guiding and influencing others toward achieving common goals or objectives through interpersonal influence or direction.