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LSDefine

Simple English definitions for legal terms

undisclosed principal

Read a random definition: appropriation

A quick definition of undisclosed principal:

An undisclosed principal is when someone hires another person to do something for them, but they don't tell anyone that they are the one in charge. The person doing the job is called an agent. If the agent does something wrong, the person who hired them can still be held responsible, even if no one knew they were involved. However, if the person who hired the agent didn't do anything to let others know they were in charge, they might have to pay for any problems that come up.

A more thorough explanation:

Under agency law, an undisclosed principal is when a third party does not know that a principal exists, but the principal has authorized an agent to act on their behalf. The agent does not tell the third party that they are forming the contract on behalf of the principal. However, the principal is still bound if the agent acts with their actual, express, or implied authority.

For example, if a person hires a real estate agent to sell their house, but the agent does not tell the buyer that they are acting on behalf of a principal, the principal is an undisclosed principal. If the agent signs a contract with the buyer, the principal is still bound by the contract even though the buyer did not know they existed.

According to the law, an undisclosed principal may be held liable for certain unauthorized transactions if a third party has made a detrimental change in position, the principal had notice of the agent's conduct, the conduct might induce third parties to change their positions, and the principal did not take reasonable steps to notify third parties of the facts.

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General

General chat about the legal profession.
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Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
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