Q1. The agent has no liability to third parties when? a- The contract is entered

Question

Q1. The agent has no liability to third parties when?

a- The contract is entered into by agent with no authority.

b- The contract is entered into by agent with authority but for an unidentified principal.

c- The contract is entered into by agent with express authority for a fully disclosed principal.

d- The agent has no liability in all of the above

Q2. An agent with a conflict of interest to the principal:

a- Must act in his own self interest.

b- s probably committing fraud unless the agent fully discloses the conflict of interest to the principal.
c- May still represent the principal without disclosing the conflict of interest.

d- All of the above

Explanation / Answer

1.-Option C is correct- The contract is entered into by agent with express authority for a fully disclosed principal.

2- option b is correct-probably committing fraud unless the agent fully discloses the conflict of interest to the principal.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.