Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An agent who is aware that the principal does not properly exist under the law, but continues to act in their name is personal liable

image text in transcribed

An agent who is aware that the principal does not properly exist under the law, but continues to act in their name is personal liable to all third party individuals for transactions that occur. True or False True False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Anthony Saunders, Marcia Millon Cornett

1st International Edition

0071181334, 9780071181334

More Books

Students also viewed these Finance questions

Question

What applied experiences do you have? (For Applied Programs Only)

Answered: 1 week ago

Question

Roll out international HRM practices for franchisees.

Answered: 1 week ago