Which of the Following Is True of an Agent's Undisclosed

question 74

Multiple Choice

Which of the following is true of an agent's undisclosed self-dealing?

• A) It does not violate the duty of loyalty.
• B) The principal cannot rescind purchases made.
• C) The principal can ratify the purchase.
• D) The principal must accept liability.

---

Definitions:

Increase in Demand

A rise in the quantity of a good or service that consumers are willing and able to purchase at each price point.

Quantity Supplied

The quantity of a product or service that sellers are prepared and capable of offering for sale at a specific price point.

Equilibrium Price

Equilibrium Price is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market stability.

Blue Pens

Writing instruments with ink of a blue color, commonly used for general writing tasks.