Which of the Following Is True If an Agent Has

Multiple Choice

Which of the following is true if an agent has no actual or apparent authority to act on behalf of a principal, but the agent still enters into a contract with a third party?

A) The principal is bound only if the principal is a disclosed principal.
B) The principal is bound only if the principal is an unidentified principal.
C) The principal is bound only if the principal is a partially disclosed principal.
D) The principal is bound only if the principal is a disclosed principal or a partially disclosed principal.
E) The principal is not bound unless the principal ratifies the contract.