An agent who exceeds his or her authority when the principal is disclosed or partially disclosed is liable for: Blank______. Multiple choice question.obstruction of justicebreach of implied warrantycriminal wrongdoingbreach of express warranty

An agent who acts within the scope of his or her authority on behalf of a disclosed principal is: Blank______.Multiple choice question.personally liable for contractual nonperformancepersonally liable because he or she is a party to the transactionnot liable, but only if the contract expressly excludes the agent from contractual liabilitynot liable for the acts of the principal

Who is liable to a third party if an agent exceeds his or her authority to act on behalf of the principal?Multiple choice question.Neither the agent nor the principalThe principalThe agentAny incidental beneficiary

In certain situations, the agent is the only party liable for the contract even when the agent acts within his or her authority on behalf of an undisclosed principal. Identify these situations. (Check all that apply.)Multiple select question.The contract expressly excludes the principal from the contract.The third party enters into a contract with the agent such that the agent's performance is required and the third party may reject the performance of the principal.The agent enters into a contract that is a nonnegotiable instrument. The principal or agent knows a third party would enter into a contract with the principal if the principal's identity were disclosed but the agent does not disclose the identity anyway.

Regarding an apparent agency, if the principal attempts to deny that an agency relationship existed, the third party must demonstrate that he or she: Blank______.Multiple choice question.acted as if the relationship was an express agencywas expressly informed by the principal that the agency relationship existedreasonably believed, on the basis of the principal's conduct, that the agency relationship existedwas involved in previous litigation in which the judge and/or jury had determined that an agency relationship existed

Multiple Choice QuestionTwo parties are involved in an agency relationship: The _______ is the one who wishes to have a specific task accomplished; the _______ is the one who acts on behalf of the person to accomplish the task.Multiple choice question.agent; principalplaintiff; defendantprincipal; agentdefendant; plaintiff