The world of business law can be tricky and complex. It takes a lot of time and dedication to study and then practice in order to sufficiently practice business law. One of the first things to try to familiarize yourself with are the terms that are used in relation to business law.
For instance a partially disclosed principal is one whose agent reveals that he has a principle, but does not reveal the principal’s identity. The concept holds important implications when it comes to liability law. In certain cases you might run across a disclosed principal or a undisclosed principal as well. It’s important to learn about all three instances.