An Agent May Be Liable on Contracts of Its Principal

question 1

Multiple Choice

An agent may be liable on contracts of its principal

• A)where it has entered those contracts in breach of its authority.
• B)where it has breached a warranty of authority.
• C)where the agent signs in his own name without disclosing the agency to the other contracting party.
• D)Where it breaches authority and they fail to disclose the principal.
• E)All of the responses are correct.

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Definitions:

Pull Strategy

A marketing strategy that aims to create demand for products and services among consumers, in order to "pull" the product through the distribution channel.

National Magazines

Publications that are distributed across an entire nation, catering to a broad audience with varied content.

Word-Of-Mouth

The process of conveying information from person to person via oral communication, especially recommendations about products or services.

Consultative Selling

A sales approach focusing on creating value and trust with the customer, understanding their needs, and offering solutions to meet those needs.