Asked by
Jessica Queiroz
on Nov 23, 2024
Verified
Agents may expose themselves to personal liability on a contract by entering into an agreement with a third party
A) without disclosing the fact that they are an agent.
B) by expressly describing themselves as an agent, but without disclosing the identity of the principal.
C) on behalf of a fictitious principal.
D) on behalf of a principal for whom the agent did not have authority to act.
E) all of the responses are correct.
Fictitious Principal
A non-existent entity created in a contractual agreement as the party for whom the agent acts.
Disclosing Identity
The act of revealing or making known one's identity.
Authority
The power or right to give orders, make decisions, and enforce obedience, or an individual or organization possessing this power.
- Evaluate the outcomes of personnel acting in excess of their legitimate authority or without revealing their actions.
Verified Answer
EQ
Learning Objectives
- Evaluate the outcomes of personnel acting in excess of their legitimate authority or without revealing their actions.