A(n) ____ is one whose identity is known by the third party at the time a contract is entered into with an agent.

Question

Quizplus · Accepted Answer

A disclosed principal is one whose identity is known by the third party at the time a contract is entered into with an agent. This is in contrast to an undisclosed principal, whose identity is not revealed to the third party, and a specific or legitimate principal, which do not have a specific meaning in this context. "Clear principal" is not a commonly used term.

A(n) ____ Is One Whose Identity Is Known by the Third