Common Law Cases on Liabilities of Undisclosed Principal
28 Pages Posted: 3 Jan 2013
Date Written: January 2, 2013
The position of law on agency assumes substantial importance with relaxation of global investment regulations. Extensive globalization allows firms to acquire assets through agents. When the buyer, vendor and the agent are based in different countries there is chance that they are subject to different laws and therefore are affected differently. The complexity increases if the Principal is undisclosed. In such cases it is important to determine the liability of such a hidden Principal.
This paper aims to examine the position of common law on the liabilities of undisclosed Principal through various case laws taking into consideration that common law forms the basis of dominant legal systems and international principles in dealing with the matter. The author submits and clarifies that this is not a exhaustive case law compilation but basic compilation with an aim to clarify the position.
Keywords: Undisclosed Principal, Common Law, Case Law, Liabilities
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