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What are the disadvantages of peer-to-peer networking?
Business Law
The body of law that governs business and commercial transactions, including contracts, property, and liability.
Undisclosed Principal
A principal whose identity is not revealed by the agent to the third party during a transaction, creating legal implications concerning the agent's liability.
Disclosed Principal
A principal whose identity is made known by the agent to a third party at the time of entering into a contract, which directly affects the liability and obligations under the contract.
Partially Disclosed Principal
In a transaction context, this refers to a situation where the agent reveals the existence of a principal but does not disclose the principal's identity to the third party.
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