What type of principal exists when his or her identity is not known and the third party is not aware that the agent is making an agreement on behalf of the principal?
A)Identified principal
B)Partially disclosed principal
C)Undisclosed principal
D)Disclosed principal
E)Partially identified principal

Question

Quizplus · Accepted Answer

A)A disclosed principal is one whose identity is not known by a third party and the
third party is not aware that the agent is making an agreement on behalf of the principal.
B)A disclosed principal is one whose identity is not known by a third party and the third party is not aware that the agent is making an agreement on behalf of the principal.
C)A disclosed principal is one whose identity is not known by a third party and the third party is not aware that the agent is making an agreement on behalf of the principal.
D)A disclosed principal is one whose identity is not known by a third party and the third party is not aware that the agent is making an agreement on behalf of the principal.
E)A disclosed principal is one whose identity is not known by a third party and the third party is not aware that the agent is making an agreement on behalf of the principal.

What Type of Principal Exists When His or Her Identity