A principal whose existence-but not specific identity-is known by a third party with whom an agent contracts on the principal's behalf is an implied principal.

Name: A principal whose existence-but not specific identity-is known by a third party with whom an agent contracts on the principal's behalf is an implied principal.
Brand: Quizplus
Rating: 5.0 (45 reviews)

Question

Quizplus · Accepted Answer

An implied principal is not a recognized legal term. The correct term for a principal whose existence is known but not their specific identity is a "partially disclosed principal."

A Principal Whose Existence-But Not Specific Identity-Is Known by a Third