Where an agent has disclosed that she is an agent, but has not disclosed the identity of the principal, who can be held liable on an authorized contract entered into by the agent on the principal's behalf?
A) The agent only
B) The principal only
C) Both the principal and agent
D) Neither the principal nor the agent
E) Only the agent prior to disclosure of the principal's identity, and only the principal
thereafter
C
You might also like to view...
Which of the following statements regarding a lock-box system is incorrect?
A) Customers send their checks directly to a post office box that belongs to the company. B) Internal control is tight because company personnel never touch incoming cash. C) A bank employee empties the box daily and records the deposits into the company's bank account. D) Cash is put into the company's bank account quickly.
Most MPR plans have more than one scenario statement that provides a detailed description of activities coordinated to achieve a given objective
Indicate whether the statement is true or false
Under a closed shop agreement, an employer agrees to hire only employees who are already members of a union
Indicate whether the statement is true or false
By differentiating the marketing mix to do a better job meeting customers' needs, the firm builds a competitive advantage.
Answer the following statement true (T) or false (F)