Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Basic accounting principles Corporate Accounting
An agent is personally liable to third parties in which of the following situations?
A. If an agent acts for an undisclosed Principal
B. Trade usage and customs make the agent personally liable
C. If an agent signs a contract in the Principal's name
D. If an agent acts for the named Principal
E. If an agent works for a foreign Principal.
Choose the correct answer from the options given below:
1
A, B and C only
2
A, B, and E only
3
C, D and E only
4
B, C and D only