The agent is not liable on the contract in a fully disclosed agency.

Name: The agent is not liable on the contract in a fully disclosed agency.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

In a fully disclosed agency, the third party is aware of the identity of the principal and the extent of the agent's authority. Therefore, the agent is not liable on the contract in such an agency. The principal is responsible for fulfilling the obligations of the contract.

The Agent Is Not Liable on the Contract in a Fully