Multiple Choice
If Carol,acting as agent for Steve,signs a contract,she alone will be personally bound by it:
A) if Steve's name or the fact that Carol is an agent is never mentioned and Steve does not carry out the contract.
B) never;as an agent she is only a representative.
C) if she decides to sue.
D) if Steve is discovered by the third party to be the principal and the third party elects to hold him liable for performance.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: The principal may ratify either the entire
Q18: A person who purports to act as
Q19: An agent is not normally liable on
Q20: Ordinarily,an agent may delegate his duties to
Q21: For a ratification to be effective,the principal
Q23: Upon the termination of an agency,the agent's
Q24: When there was a contract with a
Q25: Charles states he has authority to contract
Q26: Under the Second Restatement,except in cases of
Q27: Pat bought a cotton sweater at Ivey's