Examlex
What are the methods used by business firms to cope with risk?
Undisclosed Principal
A situation in a contractual agreement where an agent acts on behalf of a principal, but the identity of the principal remains unknown to the third party.
Instructions
Directions or orders given for the purpose of guiding actions or procedures.
Agent
A person appointed to act for another, usually in contract matters.
Agency by Estoppel
A form of agency created when a principal's actions lead a third party to believe that an agent has authority, obliging the principal to honor the agent's commitments.
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