When a Principal Is Partially Disclosed

question 45

Multiple Choice

When a principal is partially disclosed

• A)the agent and principal will be jointly and severally liable on the contract.
• B)the agent and principal will be only jointly liable on the contract.
• C)only the principal can be liable.
• D)only the agent is liable.

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Definitions:

Variance

The square of the standard deviation and another measure of a distribution’s spread or dispersion.

Independent Variable

The variable that is manipulated or controlled by the researcher to test its effect on the dependent variable.

Compound Interest

Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Additional Interest

Interest that accumulates in addition to the regular interest due, often the result of late payments or changes in interest rates.