If a third party comes to know of an undisclosed principal's identity and obtains a judgment against the principal, which of the following is true?
A) The agent remains liable to the third party.
B) The agent remains liable to the third party unless the dispute involves an amount less than $1,000 in which case the agent is released.
C) The agent remains liable to the third party unless the dispute involves an amount less than $500 in which case the agent is released.
D) The agent is released from liability to the third party.
E) The agent is released from liability to the third party unless the principal resides in another state and has not paid the judgment within 30 days from when it was rendered.

Question

Quizplus · Accepted Answer

Once a third party obtains a judgment against an undisclosed principal, the agent is typically released from liability to the third party.

If a Third Party Comes to Know of an Undisclosed