Multiple Choice
Misrepresentations by an agent made with the intent to deceive a third person will:
A) make the agent liable to the third person.
B) absolve the principal of any liabilities toward the third person.
C) make the third person liable to the principal.
D) make the principal liable to the agent and the third person.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: When Nancy's aunt left for her annual
Q8: Ratification does not release the agent from
Q9: For ratification to be effective, the:<br>A) agent
Q10: Direct liability occurs when the:<br>A) agent is
Q11: The principal is bound by representations that:<br>A)
Q13: An agent can limit the liability for
Q14: Ratification may be inferred from the principal's
Q15: Authority is implied when the principal specifically
Q16: Which of the following statements is true
Q17: The test of an agent's implied authority