Which of the following is true of an undisclosed agency?
A) The third party has no knowledge of the agency.
B) The third party knows the agent, not the principal.
C) All transactions with the third party are made by the principal without involving the agent.
D) Transactions under such an agency are considered unlawful.
A
You might also like to view...
Under the Revised Secured Transaction Article of the UCC, which of the following purchasers will own consumer goods free of a perfected security interest in the goods?
A. A merchant who purchases the goods for resale. B. A merchant who purchases the goods for use in its business. C. A consumer who purchases the goods from a consumer purchaser who gave the security interest. D. A consumer who purchases the goods in the ordinary course of business.
Global marketers must understand the importance of visual aesthetics embodied in the color or shape of a product, label, or package. Which of the following statements is not true regarding the use of color in selected countries?
A) The yellow color on Caterpillar's earthmoving equipment is acceptable worldwide. B) Packaging aesthetics are particularly important to the Japanese. C) The color white is associated with death and bad luck in some Asian countries. D) The red Marlboro color had to be changed in some Asian countries. E) The Chinese consider the color red to be lucky.