View the flashcards for Legal exam 3 , and learn with practice questions and flashcards like Greg's Organic Gardens, LLC hires Rod to buy supplies and equipment from various 3rd party sources on its behalf. What is the relationship between Greg's Organic Gardens & Rod? , An executive officer of a corporation normally can conduct ordinary business transactions without obtaining written authority from the Board of Directors of the corporation. 
a. true 
b. false  , Jonas hires Molly to act as his agent to purchase Caden's Country Cooking Restaurant. Jonas tells Molly to reveal only that he is buying the restaurant on behalf of a 3rd party, without telling the seller who that 3rd party is. Jonas is______?
a. a disclosed principal 
b. not a principal 
c. an undisclosed principal 
d. a partially disclosed principal , and more

Legal exam 3

Learn

Flashcards

Spaced Repetition

Practice Test

Matching Game

Tags