Examlex
In the diagram below,
Disclosed Principal
In an agency relationship, a principal whose identity is known to the third party at the time of entering into a contract with the agent.
Partially Disclosed Principal
A situation in an agency relationship where the third party knows of the agent's existence but not the identity of the principal.
Respondeat Superior
A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, when such acts occur within the scope of employment or agency.
Power Will Terminate
The condition under which an entity's or individual's authority or ability to make decisions will come to an end.
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