Agent Enters into a Contract with Third Party on Behalf

question 39

Multiple Choice

Agent enters into a contract with Third Party on behalf of Principal.Agent told Third Party that this contract was being entered into on behalf of someone else,but did not identify Principal to Third Party.A couple of weeks later,Principal disappears and Third Party wants to hold Agent to the contract.Third Party can:

• A)Not recover from Agent because Agent had disclosed the existence of Principal.
• B)Not recover from Agent because Third Party must first try to recover from Principal.
• C)Recover from Agent because Agent had a duty to ensure that Principal performed on the contract.
• D)Recover from Agent because Agent did not disclose the identity of Principal.
• E)Recover from Agent because Agent acted on behalf of an undisclosed principal.

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Definitions:

Volunteers

Individuals who offer their time and skills without the expectation of monetary compensation to support various causes or organizations.

Demographic Variables

Characteristics of populations, such as age, race, gender, income, and education, used in research and marketing to segment and analyze populations.

Age

A demographic factor referring to the length of time that an individual or entity has been alive or in existence, often considered in marketing, social studies, and human resource management.

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The monetary payment received for goods or services, or from other sources, as rents or investments.