A fully disclosed agency results if a third party entering into a contract knows the actual identity of the principal.

Name: A fully disclosed agency results if a third party entering into a contract knows the actual identity of the principal.
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Question

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A fully disclosed agency is one in which the third party knows the actual identity of the principal. This is in contrast to a partially disclosed or undisclosed agency, where the third party does not know the identity of the principal.

A Fully Disclosed Agency Results If a Third Party Entering