Undisclosed principal - In the field of law, the term undisclosed principal relates mainly to the liability of an agent for obligations incurred on behalf of a principal. As to principal challenge principal contract principal obligation principal office principal vein, see those… … Black's law dictionary Highest in rank, authority, character, importance, or degree. Principal - adj Chief leading most important or considerable primary original. pal 1 / prin sə pəl/ adj 1: being the main or most important, consequential, or influential their principal place of business the principal obligor 2: of, relating to, or constituting principal or a principal the principal amount of the… … Law dictionary.Dodge v Blood, 299… … Ballentine's law dictionary Partially disclosed principal - The principal, for whom an agent acts, whose identity is not known to the person who deals with the agent, such person knowing or having reason to know that the person with whom he deals is or may be acting for a principal. Partially disclosed principal - > principal. It is in contrast to a disclosed principal and undisclosed … Wikipedia
This concept has important implications in liability law.
Partially disclosed principal - A partially disclosed principal is one whose agent reveals that he has a principal, but does not reveal the principal s identity. 3 Am J2d Agency § 307 … Ballentine's law dictionary Disclosed principal - A situation where the other party to a transaction conducted on the one side by an agent knows that the agent is acting for a principal and has notice of the principal s identity.
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