An agent for an unidentified principal is liable on the contract to the third party no matter whether the particular transaction is authorized or not

Companies in the same industry often select very different distribution networks, because the choice of the distribution network can be used to achieve a variety of supply chain objectives ranging from low cost to high responsiveness

Indicate whether the statement is true or false.

Amy heads the legal staff of a large property and liability insurance company. Amy's staff is likely involved in which of the following activities?

A) reviewing investment options for the insurer's assets B) reviewing language and policy provisions in insurance contracts C) calculating premiums to be charged for the insurer's products D) reviewing applications to determine if the company should insure the risk