Question

The law typically assumes that a principal is aware of all of the information: ________.

a) revealed to the agent
b) that the third party knew
c) in the Restatement of Agency
d) that was actually revealed to the agent or should have been revealed to the agent

Answer 1

The correct answer is d) that was actually revealed to the agent or should have been revealed to the agent. In agency law, a principal is generally considered to be aware of all the information that was actually revealed to the agent or should have been revealed to the agent.

Step-by-step explanation:

The correct answer is d) that was actually revealed to the agent or should have been revealed to the agent.

In agency law, a principal is generally considered to be aware of all the information that was actually revealed to the agent or should have been revealed to the agent. This means that if the agent has knowledge or received information that is relevant to the principal's business affairs, the law assumes that the principal is also aware of that information. This helps ensure that the principal is held accountable for any actions or decisions made by the agent based on that information.

For example, if an agent receives an offer on behalf of the principal but fails to communicate that offer to the principal, the law will still consider the principal to be aware of the offer and its terms.