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Tamara Custer
on Nov 30, 2024

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An agent for an unidentified principal is liable on the contract to the third party no matter whether the particular transaction is authorized or not.

Unidentified Principal

A party in a transaction whose identity is not disclosed or known to the other parties involved.

Liable

Being legally responsible for something, especially in the context of debts or wrongful acts.

Transaction

A business deal or exchange between two or more parties, involving the transfer of goods, services, or funds.

  • Familiarize oneself with the concept of agency authority, recognizing the differences among actual, apparent, and ratified authority.
  • Discern the legal impacts of actions taken by agents representing principals.
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Tutti FruttiiiNov 30, 2024
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