Author Question: When there is an undisclosed principal, the agent is: a. liable to the third party for the ... (Read 88 times)

Garrulous · **on:** Jun 24, 2018

When there is an undisclosed principal, the agent is:
a. liable to the third party for the principal's nonperformance of the contract
b. not liable to the third party for the principal's nonperformance of the contract
c. liable to the undisclosed principal for the third party's nonperformance of the contract
d. liable for only half of the damages incurred by the principal's nonperformance of the contract e. none of the other choices are correct

Question 2

Ashley needs to endorse a check that had been endorsed by two other individuals prior to Ashley's receipt of the check. Ashley does not want to have surety liability, so Ashley endorses the check without recourse.. Under the Negotiable Instruments Article of the UCC, which of the following types of endorsement did Ashley make?
a. Blank
b. Special
c. Qualified
d. Restrictive