A Disclosed Principal Is a Principal Whose Identity Is Not

question 27

True/False

A disclosed principal is a principal whose identity is not known by the third party at the time the contract is made by the agent.

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Definitions:

Profit Responsibility

An obligation companies bear to generate financial gains for their shareholders, ensuring the organization's economic viability and growth.

Stakeholder Responsibility

The obligation of an organization to consider the interests and wellbeing of all parties affected by its decisions and activities, including employees, customers, suppliers, and the broader community.

Consumers

Individuals or groups who purchase goods and services for personal use and are the final users in the distribution process.

Employees

Individuals who work for a company or organization and are typically compensated with wages or salaries.