Which of the following statements is true for a nonexistent or incompetent principal?
A) If the third person is unaware of the lack of capacity of the principal,the agent is protected.
B) A minor is considered a nonexistent principal.
C) The law imposes an apparent warranty by the agent that the principal has the capacity to be bound.
D) A person judged insane is not considered to be nonexistent.
Correct Answer:
Verified
Q29: Ratification releases:
A) the principal from liability.
B) the
Q32: An agent will be relieved from liability
Q33: The principal is bound by representations:
A)that are
Q34: Where an agent has taken an unauthorized
Q35: A person who is induced to enter
Q36: Liability is imposed on an agent who
Q38: Which of the following is true for
Q39: Which of the following statements is true
Q46: Explain the concept of apparent authority.
Q48: After Bart and Veronica were involved in
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