Examlex
__________ attribution is to person as __________ attribution is to situation.
Disclosed Principal
A principal whose identity is made known by the agent to the third party at the time of entering into a contract with the third party.
Undisclosed Principal
A party in a contract whose identity is unknown to the third party with whom the agent interacts, during the transaction.
Contractual Liability
The obligation a party undertakes when entering into a contract, making them legally responsible for fulfilling the terms of the agreement.
Second Restatement
Refers to a series of legal treatises that summarize and restate the common law in the United States, specifically the second iteration of these summaries.
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