True/False
A principal whose identity is unknown to a third party who has no knowledge that the agent is acting in an agency capacity is legally known as an undisclosed principal.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q53: Which statement best exemplifies the liability of
Q54: The application of which of the following
Q55: How will a power of attorney operate
Q56: Jacqueline is a real estate agent and
Q57: An agency relationship created when the principal
Q59: The individual who permits another to act
Q60: Which of the following would a risk
Q61: Although Geraldine's job title at a local
Q62: A principal can ratify every contract that
Q63: An agent is bound by a fiduciary