Third party contract and agent Flashcards
1
Q
Which of the following rights will a third party be entitled to after validly contracting with an agent representing an undisclosed principal?
A
A. *Performance of the contract by the agent. **
A third party who has contracted with an agent for an undisclosed principal:
1. Generally, has no right to rescind the contract upon subsequent disclosure of the principal
2. Can hold the agent liable on the contract
3. Has no general right to discover the identity of an undisclosed principal
4. Never has the right to force a principal to ratify a contract