Which of the following is true in situations in which a principal was undisclosed and the third party comes to know of the undisclosed principal's identity but proceeds to obtain a judgment against the agent?
A)The principal is liable to the third party anyway.
B)The principal is liable to the third party,but only if the agent does not pay.
C)The principal is liable to the third party,but only if the agent files for bankruptcy.
D)The principal is released from liability to the third party.
E)The principal is released from liability unless a contract for personal service was involved.

Question

Quizplus · Accepted Answer

In situations in which a principal was undisclosed,a judgment for a third party against an agent,when the third party comes to know of the undisclosed principal's identity,releases the principal from liability.

Which of the Following Is True in Situations in Which