Which of the following statements best defines a partially disclosed agency?

Question

Quizplus · Accepted Answer

A partially disclosed agency is one where the contracting third party knows that the agent is acting for a principal but does not know the identity of the principal. In contrast, an undisclosed agency is where a contracting third party does not know of either the existence of the agency or the principal's identity, while a fully disclosed agency is where the contracting third party knows both the agent and principal's identity.

Which of the Following Statements Best Defines a Partially Disclosed