What type of principal exists when his or her identity is not known but the third party is aware that the agent is making an agreement on behalf of the principal?
A)Partially disclosed principal
B)Identified principal
C)Undisclosed principal
D)Partially identified principal
E)Disclosed principal

Question

Quizplus · Accepted Answer

A)A partially disclosed principal is one whose identity is not known by a third
party,although the third party is aware that the agent is making an agreement on behalf of the principal.A partially disclosed principal is also called an unidentified principal.
B)A partially disclosed principal is one whose identity is not known by a third party,although the third party is aware that the agent is making an agreement on behalf of the principal.A partially disclosed principal is also called an unidentified principal.
C)A partially disclosed principal is one whose identity is not known by a third party,although the third party is aware that the agent is making an agreement on behalf of the principal.A partially disclosed principal is also called an unidentified principal.
D)A partially disclosed principal is one whose identity is not known by a third party,although the third party is aware that the agent is making an agreement on behalf of the principal.A partially disclosed principal is also called an unidentified principal.
E)A partially disclosed principal is one whose identity is not known by a third party,although the third party is aware that the agent is making an agreement on behalf of the principal.A partially disclosed principal is also called an unidentified principal.

What Type of Principal Exists When His or Her Identity