disclosed principal

A principal whose identity is revealed by the agent to a third party.

• A disclosed principal is always liable on a contract entered into by the agent with the principal’s authority, but the agent is usu. not liable. [Cases: Principal and Agent 92–137. C.J.S. Agency §§ 44, 47, 73, 143–165; Architects § 21–22, 24.]

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词条贡献者

双语律师Lorna，国际知名商学院金融专业，擅长翻译涉及金融创新和金融科技领域的法律文件。