Which of the following rights will a third party be entitled to after validly contracting with an agent representing an undisclosed principal?
A. Disclosure of the principal by the agent.
B. Ratification of the contract by the principal.
C. Performance of the contract by the agent.
D. Election to void the contract after disclosure of the principal.
Answer: C. Performance of the contract by the agent.
Business
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When representing their client to third persons in a sale, a licensed real estate broker is operating under the law of:
a. real estate. b. power-of-attorney. c. agency. d. licensure.
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Off-price chains generally purchase merchandise on an opportunistic basis by focusing on cancelled orders, irregulars, and end-of-season merchandise
Indicate whether the statement is true or false
Business