Author Question: In the case of an undisclosed principal, a third party A)can only recover from the principal. B)can ... (Read 139 times)

sarasara · **on:** Jun 24, 2018

In the case of an undisclosed principal, a third party
A)can only recover from the principal.
B)can only recover from the agent.
C)cannot recover at all.
D)can recover from either the agent or the principal.

Question 2

The holder of a banker's acceptance may convert it to cash immediately at a discount rate, sell it on the discount market, or hold it until it matures, provided the buyer's account has sufficient funds to cover the transaction.
Indicate whether the statement is true or false