ACC 480 Chapter 33 Exam Questions With 100% Correct Answers.

ACC 480 Chapter 33 Exam Questions With 100% Correct Answers. A disclosed principal is liable to a third party for a contract by an agent within the scope of authority. (True/False) - answerTrue A principal is not liable for an agent's torts committed within the scope of his or her employment. (True/False) - answerFalse A principal is not bound to an unauthorized contract that he or she does not ratify. (True/False) - answerTrue An undisclosed principal is liable to a third party for a contract by an agent within the scope of authority. (True/False) - answerTrue In an ordinary agency relationship, the agency terminates automatically on the death of the principal. (True/False) - answerTrue An employer is liable for ANY harm caused to a third party by an employee acting within the scope of employment. (True/False) - answerFalse Both parties to an agency have the right to terminate the agency at any time.