Which of the following is true 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?
A)The principal is not bound unless the principal ratifies the agreement.
B)The principal is bound only if the principal is a disclosed principal.
C)The principal is bound only if the principal is a partially disclosed principal.
D)The principal is bound unless the principal can establish clearly and convincingly that the agent was expressly barred from engaging in the conduct at issue.
E)The principal is bound only if the principal is an unidentified principal.

Question

Quizplus · Accepted Answer

A)If an agent has no authority to act on behalf of a principal but 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.
B)If an agent has no authority to act on behalf of a principal but 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.
C)If an agent has no authority to act on behalf of a principal but 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.
D)If an agent has no authority to act on behalf of a principal but 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.
E)If an agent has no authority to act on behalf of a principal but 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