When a principal is classified as a Blank______ principal, a third party knows the identity of the…

➤ When is an agent liable if the principal is disclosed?
A disclosed principal generally leaves the agent free from contractual liability to the third party. The agent becomes liable if they exceed actual authority, make personal guarantees, or misrepresent facts. Liability also arises if the contract names the agent as a party, or if the agent commits fraud or breaches a fiduciary duty during negotiations.