Undisclosed principal — In the field of law, the term undisclosed principal relates mainly to the liability of an agent for obligations incurred on behalf of a principal. If the agent does not disclose the nature of his agency (the fact that he acts on behalf of… … Wikipedia
undisclosed principal — A person who buys or sells through an agent or broker and remains anonymous. The agent or broker must disclose when dealing on behalf of an undisclosed principal; failure to do so may result in the agent being treated in law as the principal and… … Big dictionary of business and management
undisclosed principal — A principal whose identify is unknown to a third person who deals with his agent, knowing that the latter is acting for some principal. The principal in an undisclosed agency. 3 Am J2d Agency § 307. See undisclosed agency … Ballentine's law dictionary
undisclosed principal — A principal whose identity is unknown by a third person, and the third person has no knowledge that the agent is acting in an agency capacity at the time the contract is made. See also principal … Black's law dictionary
undisclosed principal — A person who uses an agent for his or her negotiations with a third party, often with the agent seeming to be acting for himself or herself. This means that in a dispute, the third party may not know who the real principal is … Business law dictionary
principal — prin·ci·pal 1 / prin sə pəl/ adj 1: being the main or most important, consequential, or influential their principal place of business the principal obligor 2: of, relating to, or constituting principal or a principal the principal amount of the… … Law dictionary
undisclosed — I adjective concealed, covert, hidden, invisible, latent, mysterious, occult, sealed, secret, suppressed, tacit, ulterior, unaired, unannounced, unapparent, unbreathed, uncommunicated, unconveyed, undeclared, undetected, undivuiged, unexplained,… … Law dictionary
Principal (commercial law) — In commercial law, a principal is a person ndash;legal or natural ndash;who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui… … Wikipedia
principal — adj Chief; leading; most important or considerable; primary; original. Highest in rank, authority, character, importance, or degree. As to principal challenge principal contract principal obligation principal office principal vein, see those… … Black's law dictionary
undisclosed factoring — A form of factoring in which the seller of goods does not wish to disclose the use made of a factor. In these circumstances, the factor buys the goods that have been sold (rather than the debt their sale incurred) and, as an undisclosed principal … Big dictionary of business and management
