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Agency Law

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2 domain-specific abstractions whose origin domain is Agency Law.

  • Partially disclosed principal — A principal–agent situation in which a third party knows the agent acts for someone else but does not know that principal's identity.
  • Undisclosed principal — An agency-law principal whose existence or identity is unknown to the third party when an agent contracts apparently on the agent's own behalf, yet who may later acquire rights and liabilities under qualified rules.