Multiple Choice
A large and well-known corporation wants to acquire a plot of ground for a new plant. To avoid the extra cost, the corporation purchases the land through several agents, each purporting to be buying personally. In such cases, the corporation is a(n) _____.
A) undisclosed principal
B) disclosed principal
C) partially disclosed principal
D) subagent
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Which of the following statements is true
Q40: If an agent acts for a corporation
Q41: Explain the concept of apparent authority.
Q42: When an agent commits a tort or
Q43: Ratification gives the agent the same right
Q44: Which of the following statements is true
Q45: Express authority:<br>A) is created when the principal
Q46: An attorney-in-fact is the label given to
Q48: Liability is imposed on an agent who
Q49: One may become liable through ratification for