When an agent acts for an undisclosed principal, the principal will not be liable to third parties if the
A. Principal ratifies a contract entered into by the agent.
B. Agent acts within an implied grant of authority.
C. Agent acts outside the grant of actual authority.
D. Principal seeks to conceal the agency.
Answer: C. Agent acts outside the grant of actual authority.
Business
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The Foursquare website is an example of which of the following?
A) Social graph B) Collaborative shopping C) Net marketplace D) Crowdsourcing application E) Geosocial services
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Which of the following is a reason why purpose of business valuation is important?
A) It helps develop a suitable capitalization rate. B) It can assist in representing the expected future benefits. C) It determines the premise of value. D) It identifies assumptions and limiting conditions.
Business