Which of the following is true if an agent has no actual or apparent authority to act on behalf of a principal but the agent still enters into a contract with a third party?
A)The principal is bound,but only if the principal is a disclosed principal.
B)The principal is bound,but only if the principal is an unidentified principal.
C)The principal is bound,but only if the principal is a partially disclosed principal.
D)The principal is bound,but only if the principal is a disclosed or partially disclosed principal.
E)The principal is not bound unless the principal ratifies the contract.

Question

Quizplus · Accepted Answer

If an agent has no authority to act on behalf of a principal but the agent still enters into a contract with a third party,the principal,regardless of the classification,is not bound to the contract unless the principal ratifies the agreement.

Which of the Following Is True If an Agent Has