Types of Principal in an Agency Relationship

The video tutorial explains the concept of agency law, focusing on the disclosure levels of a principal: disclosed, partially disclosed, and undisclosed. It highlights how these levels affect the liability of both the principal and the agent in dealings with third parties. The tutorial sets the stage for further discussions on the specific liabilities of principals and agents in subsequent videos.

What is the significance of an undisclosed principal in agency relationships?

How does the level of disclosure affect the potential liability of the principal?