1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sesenic [268]
2 years ago
7

When a principal is partially disclosed Group of answer choices the agent and principal will be jointly and severally liable on

the contract. the agent and principal will be only jointly liable on the contract. only the principal can be liable. only the agent is liable.
Business
1 answer:
vlabodo [156]2 years ago
8 0

The correct answer is the agent and principal will be jointly and severally liable on the contract.

In general, an agent is not accountable for contracts made; the principal is. However, the agent will be held culpable if he is not or only partially revealed, if the agent lacks or exceeds authorization, or if the agent entered into the transaction in a personal role.

When an agent works on behalf of the principle in interactions with a third party, a contractual relationship is formed between the main and the third party, and the agent is not personally accountable.

Therefore, the correct option is the agent and principal will be jointly and severally liable on the contract.

To know more about principal agent liability click here:

brainly.com/question/13056777

#SPJ4

You might be interested in
Knox Company has a new product with a projected selling price of $6.00 each. It estimates that it could sell 100,000 units annua
Pachacha [2.7K]

Answer:

350,000

And if done per unit, $3.50

Explanation:

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

The target cost of the product is the difference between the selling price and the anticipated profit.

Target cost per unit

= $6.00 - $2.50

= $3.50

Total Target cost = $3.50 * 100,000

= $350,000

6 0
3 years ago
Media richness refers toa. a message's impact on the company's bottom lineb. how much a communication channel costs the company
Anit [1.1K]

Answer: c. the extent to which a channel represents all of the information available

Explanation:

Media richness is when a communication media is able to pass across a rich messages. We should note that the characteristics of richness has to do with the amount of feedback, language variety, and social cues, that is passed to a communicative partner.

Media richness has to do with the amount of information that is transmitted through a particular communications channel.

6 0
3 years ago
Economies of scale exist when the long run average cost curve:
IgorLugansk [536]

A. falls is the best option

7 0
3 years ago
Allowance for Doubtful Accounts has a debit balance of $500 at the end of the year, before adjustment, and uncollectible account
tigry1 [53]

Answer: c. $18,000

Explanation:

Provision for doubtful accounts estimate;

= 600,000 * 3%

= $18,000

This is the Percentage of sales method and it ignores the existing balance in the Provision for doubtful accounts using only the estimate provided.

8 0
3 years ago
The controlling account in the general ledger that summarizes the individual customer accounts in the subsidiary ledger is entit
Bas_tet [7]

Answer:

The correct answer is (c)

Explanation:

A controlling account is an adjustment account for which a subsidiary ledger is generally created. It helps to further track the transactions in detail. A controlling account is an account in the general ledger that is entitled as accounts receivable. This account includes a separate account for every single customer who makes a credit purchase.

4 0
3 years ago
Other questions:
  • A proposed project has fixed costs of $47,000 per year. The operating cash flow at 11,000 units is $69,000. a. Ignoring the effe
    7·1 answer
  • A project has a net present value of zero. Which one of the following best describes this project?
    8·1 answer
  • The Market Section of a marketing plan contains all of the following subsections except ________.
    12·1 answer
  • Why are there no jet streams in the equator?
    15·1 answer
  • While your hands are on home row, your left hand rests lightly on _____. z x c v j k l ; q w e r a s d f
    8·2 answers
  • When price decreases, quantity increases. Price elasticity of demand measures how much ________.a. The price decreasesb. The pri
    15·1 answer
  • How do macroeconomists distinguish between nominal and real values of​ variables?
    9·1 answer
  • • Aiden and Sophia are married and they have always filed Married Filing Jointly.
    14·1 answer
  • Kathy Thompson has determined that the value of her assets is $64,000 and the value of her debts is $23,000. The difference betw
    13·1 answer
  • True or false: japan generally runs a significant trade surplus because of the structural barriers against imports into japan
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!