Asked by
Cindy Conner
on Nov 30, 2024
Verified
An example of successful land purchases made by agents for an undisclosed principal took place in Florida for Walt Disney Productions.
Undisclosed Principal
A situation in which an agent acts on behalf of a principal, but the identity of the principal is not revealed to the third party at the time of the transaction.
Land Purchases
Transactions involving the buying of land property.
Walt Disney Productions
Walt Disney Productions is a historic name for The Walt Disney Company, an American diversified multinational entertainment and media conglomerate known for its film studio and theme parks.
- Differentiate among revealed, semi-revealed, and concealed principals and understand the legal consequences associated with each category.
- Comprehend how an agent’s behavior influences the legal status and accountability of the principal.
Verified Answer
BP
Learning Objectives
- Differentiate among revealed, semi-revealed, and concealed principals and understand the legal consequences associated with each category.
- Comprehend how an agent’s behavior influences the legal status and accountability of the principal.