DC Bar Practice Questions - District Of Columbia Bar Examination Exam

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An undisclosed principal authorizes an agent to purchase goods. The agent contracts in the agent's own name without revealing the principal. Upon discovering the principal, the third party may generally:

Elect to hold either the agent or the previously undisclosed principal liable on the contract Hold neither the agent nor the principal liable Hold only the agent liable in all circumstances Rescind the contract automatically

Correct Answer:

Elect to hold either the agent or the previously undisclosed principal liable on the contract

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