Describe the operation of a fully disclosed agency
What will be an ideal response?
A fully disclosed agency results if a third party entering into a contract knows 1. that the agent is acting as an agent for a principal and 2. the actual identity of the principal. The third party has the requisite knowledge if the principal's identity is disclosed to the third party by either the agent or some other source. In a fully disclosed agency, the contract is between the principal and the third party. Thus, the principal, who is called a fully disclosed principal, is liable on the contract. The agent, however, is not liable on the contract because the third party relied on the principal's credit and reputation when the contract was made. An agent is liable on the contract if he or she guarantees that the principal will perform the contract.
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A salesperson can change caution signals into agreement signals by speeding up her planned presentation.
Answer the following statement true (T) or false (F)
A ________ is a test conducted by determining whether the order or sequence in which observations are obtained is random
A) Mann-Whitney U test B) sign test C) binomial test D) runs test
Select two federal agencies and describe the work of each agency
What will be an ideal response?
Financial obligations that can or will be repaid in more than one year are known as ______________________________.
Fill in the blank(s) with the appropriate word(s).