term1 Definition1term2 Definition2term3 Definition3
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~An unidentified principal. Means TP knows agent is acting on behalf of another person but does not know the identify of the other person.
~Direct contractual relations will be established between the principal & TP
~A is not generally liable on the transaction to TP unless he agrees (expressly or through trade custom)
~Only principal can sue or be sured on the contract.
However
~If P reveals agency relationship to the TP, the TP may either treat the agent w/ whom he contracted as the principal or accept the true principal, in which case the agent is relieved of his obligation to the TP.
~
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