When a Principal Is Undisclosed, the Third Party Is Restricted

question 51

True/False

When a principal is undisclosed, the third party is restricted to suing the agent.

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Definitions:

United Nations Convention

An international treaty or agreement formulated under the auspices of the United Nations, pertaining to various global issues.

International Sales Contract

A legally binding agreement between parties from different countries for the sale and purchase of goods.

Market Price

The present cost at which a service or asset is available for purchase or sale on the market.

Notice of Breach

A formal notification given to a party indicating that they have failed to fulfill their contractual obligations.