Agents may expose themselves to personal liability on a contract by entering into an agreement with a third party

Question

Quizplus · Accepted Answer

All of these choices are ways in which an agent may expose themselves to personal liability on a contract. If an agent enters into an agreement with a third party without disclosing the fact that they are an agent, they may be considered personally liable for any damages or losses incurred by the third party. Similarly, if an agent expressly describes themselves as an agent but doesn't disclose the identity of the principal, or acts on behalf of a fictitious principal, they may also be held personally liable. Finally, if an agent acts on behalf of a principal for whom they do not have authority to act, they may expose themselves to personal liability for any breach of contract.

Agents May Expose Themselves to Personal Liability on a Contract