Question

Iggy hires Joy to act as his agent to purchase Kup-a-Koffee Kompany. Iggy tells Joy to reveal only that she is buying the firm on behalf of a third party, without telling Kup-a-Koffee's seller who that third party is. Iggy is __________.

Answer 1

Full question:

Iggy hires Joy to act as his agent to purchase Kup-a-Koffee Kompany. Iggy tells Joy to reveal only that she is buying the firm on behalf of a third party, without telling Kup-a-Koffee's seller who that third party is. Iggy is __________

A. a partially disclosed principle

B. an undisclosed principle

C. an implied principle

D. a disclosed principle

Answer:

Iggy is a partially disclosed principle

Explanation:

A partially disclosed principal will transpire when the third party has marked that the agent is or may be doing for a principal, but has no notification of the principal’s identification.

This situation varies from those of the disclosed and undisclosed principal because the agent hither can continue responding to the third party if the third party considers the agent is the actual party but endures clueless as to the principal’s status. When choosing an agent, there are lots of advantages. Still, liability remains to be a problem.