A complete list of the legal terms and definitions every attorney, paralegal, and law student needs to know.
In agency law, where a person with an interest in a transaction uses another party (the undisclosed principal) to negotiate with a third party and the third party is unaware of the identity of the actual person with the interest. The undisclosed principal may, but does not necessarily, deliberately mislead the third party into believing that the agent is the principal. In either case, the third party may not know how to pursue the real principal in the case of a dispute.
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