Question: Could someone help me answer this question? It is for Legal Environment of Business and it needs to be a 200 word paragraph for a
Could someone help me answer this question? It is for Legal Environment of Business and it needs to be a 200 word paragraph for a discussion board. Thank you. Who is liable (the principal or the agent) for a contract formed by an agent depends upon to what extent the agency is disclosed. The Principal is fully and solely liable for contracts formed by fully-disclosed agents. However, the agent is fully liable for contracts formed through an undisclosed agency. Why would the level of disclosure have any impact on the agents liability?
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