Which of the following is true of a fully disclosed agency?
A) The third party does not know the identity of the principal.
B) The third party knows the name of the principal, but all transactions are done with the agent.
C) The contract is between the principal, agent, and the third party.
D) The principal is liable on the contract with a third party.
D
You might also like to view...
When the domestic currency is weak, full-costing or cost-plus pricing does not hurt you so much because the exchange rate keeps the selling price down
Indicate whether the statement is true or false
Aaron is a manager at a local live music venue. He is developing a new online system for advance ticket sales. Some of the shows have been so popular that tickets sell out quickly and regular patrons have complained that with a slow Internet connection they have no chance to purchase. In an effort to be fair to all prospective customers, Aaron is using what approach to ethical behavior?
a. Utilitarian b. Individual c. Moral-rights d. Justice e. Environmental
You should develop your own personal standards for making the writing of a draft a ____________________ task
a. relatively easy b. rapid c. comfortable, repeatable d. professional
The franchise agreement is not likely to set out standards such as sales quotas and record-keeping requirements
Indicate whether the statement is true or false