MLchartDataset catalogue

Undisclosed principal

Term · Law · MLC-T-LAW-005044

A principal whose existence and identity are unknown to the third party with whom an agent is dealing. In such cases, the third party believes they are contracting solely with the agent. Upon discovery, the third party may elect to hold either the agent or the undisclosed principal liable for the contract.

Table 1. Record
IdentifierMLC-T-LAW-005044
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005044",
  "term": "Undisclosed principal",
  "field": "Law",
  "definition": "A principal whose existence and identity are unknown to the third party with whom an agent is dealing. In such cases, the third party believes they are contracting solely with the agent. Upon discovery, the third party may elect to hold either the agent or the undisclosed principal liable for the contract.",
  "url": "https://mlchart.com/terminology/law/undisclosed-principal/"
}

Record 5,156 of 5,441 in Law terminology (MLC-0107). Request the full dataset.