In which of the following situations does the agent have no liability to third parties?
A) contract entered into with express authority and a fully disclosed principal
B) contract entered into with no authority but later ratified in full by the principal
C) contract entered into for a corporation before the corporation was formed but with full knowledge and support of the incorporators
D) The agent has no liability in any of the above.
Correct Answer:
Verified
Q64: Russ Belmont is a staff accountant at
Q65: An employment-at-will relationship is:
A)one in which there
Q66: If the act of an agent is
Q67: The public policy exception to the employment-at-will
Q68: Under apparent authority:
A)a principal is never liable
Q70: Which of the following is necessary to
Q71: An unincorporated association:
A)has no liability for its
Q72: Jane and Joseph Sechrist signed a contract
Q73: Russ Belmont is a staff accountant at
Q74: Principals are liable for the acts of
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