Generally,a third party is bound to the principal only when it knows that the agent is acting for that principal.

Name: Generally,a third party is bound to the principal only when it knows that the agent is acting for that principal.
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A third party can be bound to the principal even without knowing the agent is acting for a principal, as long as the agent has actual or apparent authority to act on behalf of the principal.

Generally,a Third Party Is Bound to the Principal Only When