Disclosed Principal
Definition of "Disclosed principal"
In a principal gent transaction or contract where a third party knows the name of the principal the agent represents. This is a typical setting in real estate situations. In this arrangement, the agent is not legally bound under the written or oral agreement.
Popular Real Estate Terms
The definition of the term abutment can be a structure in engineering meant to support the pressure of a bridge. It is also used for arches or spans in the construction of buildings. The ...
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