Which of the following is true of an agent's undisclosed self-dealing?

A) It does not violate the duty of loyalty.
B) The principal cannot rescind purchases made.
C) The principal can ratify the purchase.
D) The principal must accept liability.


C

Business

You might also like to view...

Pricing a product based on consumers' reference prices is referred to as ________ pricing

A) geographical B) psychological C) allowance D) by-product E) captive-product

Business

Which of the following is a macro change facing us today?

a. Digitization of information b. Issues with global communication c. Increased isolation d. A shrinking market

Business

The lawfulness of government classifications based on a protected class other than a suspect class or a fundamental right, such as a classification based on gender, is examined using an intermediate scrutiny test

Indicate whether the statement is true or false

Business

The elements in a defamation case are:

a. defamatory statement; falsity; communication; and injury. b. a contract; knowledge of the contract; improper inducement; injury. c. false or misleading fact statements; statements in commercial advertising; likelihood of harm. d. duty; breach of duty; proximate causation; and damages.

Business