Identify and discuss the 3 types of principals that can exist (disclosed, undisclosed, and partially disclosed principals).Include a hypothetical example of situations that would include each type of principal.Identify and discuss some of the duties that an agent owes to the principal.Discuss your opinion on whether you believe it is fair to the third party to have a situation in which there is an undisclosed principal and the third party believes he or she is dealing directly with the principal party rather than an agent. Be sure to provide supportive reasoning for your opinion.
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