Betty authorizes William to act as her agent. William is required to purchase a vehicle on Betty's behalf. Which of the following statements is true of this scenario?
A) If a seller knows that William is acting as an agent, but does not know Betty's identity, William is ultimately liable to the seller.
B) If a seller knows that William is acting as an agent, but does not know Betty's identity, Betty is said to be an undisclosed principal.
C) If a seller does not know that William is acting as an agent, William is liable to the seller.
D) If a seller knows Betty's identity and is aware that William is an agent, Betty is said to be a partially disclosed principal.
Correct Answer:
Verified
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