Ordinarily,an Agent Is Not Liable for Unauthorized Acts Made on Behalf

question 4

Multiple Choice

Ordinarily,an agent is not liable for unauthorized acts made on behalf of a principal if:

• A)the third party has no knowledge about the principal's identity.
• B)the third party knows that the principal lacks legal capacity.
• C)the principal eventually ratifies the contract.
• D)the principal is undisclosed.

---

Definitions:

Lag Indicator

A metric that indicates the performance of a business or system after an event or activity has occurred, often financial in nature.

Market Share

The proportion of total industry revenue attributed to a specific company during a certain time frame.

Financial Perspective

One of the four perspectives of the Balanced Scorecard framework, focusing on how well a company is performing financially, including measures such as revenue growth, profitability, and return on investment.

Customer Perspective

Reflects the viewpoint of customers regarding the value, quality, and benefits of products or services offered by a business.