Which of the following is FALSE about the liability of the parties in an agency relationship?

Group of answer choices

When an agent acts without authority or exceeds his or her authority the principal is not liable to the third party but the agent is.

As a general rule a principal can go back and ratify a contract made by his or her agent even though the agent exceeded his or her authority at the time of contracting.

If the agent does not affirmatively disclose the existence and identity of his or her principal the third party can always get out of the contract.

An important aspect of the principal-agency relationship is the doctrine of imputed knowledge.