Solved

When a Disclosed Principal Authorizes an Agent's Transaction with a Third

Question 32

True/False

When a disclosed principal authorizes an agent's transaction with a third person, the principal and the third person may each sue the other in the event of a breach of the contract.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q27: An agent is liable for harm caused

Q28: An agent making a proper contract with

Q29: Tom Creighton hired Destroy, Inc., a demolition

Q30: Parol evidence is allowed to show whether

Q31: Different rules of law govern the vicarious

Q33: The concept of imposing liability for the

Q34: If an agent makes a properly authorized

Q35: In general, a principal is liable for

Q36: In which of the following situations is

Q37: John is an agent for Peabody. John