disclosed principal
1disclosed principal — a principal whose identity is revealed to the person with whom his agent is contracting. Rules governing the personal liability of an agent in relation to contracts he enters into with third parties differ according to whether the principal was… …
2disclosed 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. 3 Am J2d Agency § 307 …
3Partially disclosed principal — A partially disclosed principal is one whose agent reveals that he has a principal, but does not reveal the principal s identity. This concept has important implications in liability law. It is in contrast to a disclosed principal and undisclosed …
4partially disclosed principal — >> principal. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …
5principal — prin·ci·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… …
6partially 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. Dodge v Blood, 299… …
7principal — adj Chief; leading; most important or considerable; primary; original. Highest in rank, authority, character, importance, or degree. As to principal challenge principal contract principal obligation principal office principal vein, see those… …
8Undisclosed 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. If the agent does not disclose the nature of his agency (the fact that he acts on behalf of… …
9Dummy purchaser — A dummy purchaser is an agent who buys property on behalf of another, usually to conceal the true purpose of the acquisition. For instance, a shopping mall developer may hire a dummy buyer to purchase the needed vacant lots. Disclosing the… …
10disclose — dis·close /dis klōz/ vt: to make known or reveal to another or to the public Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. disclose …
