When there is an undisclosed principal, the agent is:
a. liable to the third party for the principal's nonperformance of the contract
b. not liable to the third party for the principal's nonperformance of the contract
c. liable to the undisclosed principal for the third party's nonperformance of the contract
d. liable for only half of the damages incurred by the principal's nonperformance of the contract e. none of the other choices are correct
a
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Indicate whether the statement is true or false
Which of the following operating activities results in a cash outflow?
A) Paying creditors for inventory B) Collecting accounts receivable C) Making cash sales D) Receiving deposits recorded as unearned revenue
The legal system based primarily on written constitutions and written
laws or codes is known as a _____ system. Fill in the blanks with correct word
The capital intensity ratio is generally defined as follows:
A. The percentage of liabilities that increase spontaneously as a percentage of sales. B. The ratio of sales to current assets. C. The ratio of current assets to sales. D. The amount of assets required per dollar of sales, or A0*/S0. E. Sales divided by total assets, i.e., the total assets turnover ratio.