Author Question: John is an agent for Peabody. John tells Wanda (a third party) of Peabody's existence, but not its ... (Read 107 times)

Mollykgkg · **on:** Jun 24, 2018

John is an agent for Peabody. John tells Wanda (a third party) of Peabody's existence, but not its identity, therefore John is an agent for a(n) ______ principal. If John signs a contract with Wanda on behalf of Peabody, John is ______ on the contract.
A) undisclosed, personally liable.
B) partially disclosed, not personally liable.
C) partially disclosed, personally liable.
D) undisclosed, not personally liable.

Question 2

When is a lender to a company liable for the clean-up of the debtor's property for toxic spills?
A)When the lender participates in the managerial and operational affairs of the debtor
B)When the lender provides financial advice or counseling to the debtor
C)When the lender forecloses on the property
D)When the lender leases the property after taking it back from the debtor