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An agency relationship exists between Bill, and Trucks o' Plenty, a trucking firm that he founded five years before and of which he is currently the CEO

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An agency relationship exists between Bill, and Trucks o' Plenty, a trucking firm that he founded five years before and of which he is currently the CEO. Bill signs contracts for Trucks o' Plenty with the name of a fictitious company, Truck Time, including one with Andrew, who knows that Bill owns a trucking firm but is unsure of its name. Given that, Bill is a(n) ___________ principal, and he is likely ________ on these contracts.

Multiple Choice

• disclosed; not liable

• disclosed; liable

• fully disclosed; not liable

• undisclosed; not liable

• nonexistent; liable