A(n) ____is liable to a third party for a contract made by an agent who had actual authority to act on behalf of the principal.

Question

Quizplus · Accepted Answer

A disclosed principal is one whose identity is known to the third party with whom the agent is contracting. If the agent had actual authority to act on behalf of the principal, the principal will be liable to the third party for the contract made by the agent.

A(n) ____Is Liable to a Third Party for a Contract