In an undisclosed agency,both the principal and the agent are liable on the contract with the third party.

Question

Quizplus · Accepted Answer

In an undisclosed agency, the third party doesn't know the identity of the principal, and therefore both the principal and the agent are liable on the contract with the third party. This is because the third party relies on the credit of the agent and has no knowledge of the principal's existence.

In an Undisclosed Agency,both the Principal and the Agent Are