Examlex
In the buying process there is one group that can play a critical role.This group is often the first to recognize the problem based on a need and they help define the product specifications.This group is called ___________.
Undisclosed Principal
A party in a contractual agreement whose identity is not revealed to the third party by the agent during the time of the agreement.
Partially Disclosed Principal
A principal whose identity is not known by a third party, although the third party is aware that the agent is making an agreement on behalf of a principal.
Vicariously Liable
A legal principle under which an individual or entity can be held legally responsible for the actions of another, typically in an employer-employee relationship.
Vicarious Liability
Refers to the legal responsibility of one party for the actions of another, typically in employer-employee relationships.
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