In a fully disclosed agency relationship, only the principal is contractually obligated to the third party for authorized acts of the agent.
Correct Answer:
Verified
Q1: Agents with authority over other agents are
Q2: Agents who report to other agents are
Q3: Agents under all circumstances create liability to
Q4: Novation occurs when the principal affirms a
Q5: Actual authority requires the principal to create
Q7: In a partially undisclosed agency relationship, the
Q8: A principal may face joint-and-several liability for
Q9: Liability for agents who are classified as
Q10: One of the reasons agency is such
Q11: A CEO could be referred to as
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