Special Report on
The Undisclosed Principal
The Undisclosed Principal - Trends
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T H U R S D A Y , N O V E M B E R 1 5 , 2 0 0 7 Note: Insurance News & Views will not be published next week due to the Thanksgiving holiday. The next edition will be published on Nov. 29. Happy Thanksgiving! Big “I” National News P&C Trends Mixing Business with Family New study outlines predictors for family business performance. Family businesses are thriving in terms of revenue and jobs, and a new study by Massachusetts Mutual Life Insurance Company (MassMutual), the Family Firm Institute and Cox Family Enterprise Center predicts that they ...
If an agent makes a contract with a person, who neither knows nor has reason to suspect, that he is an agent, his principal may require the performance of the contract; but the other contracting party has, as against the principal, the same rights as he would have had as against the agent if the agent had been he principal (Sec 23 231) Agent will stand personally liable. However, the principal too has a right to intervene and assert his position as an undisclosed party. In such cases, third party has the same rights against the undisclosed principal as he had against the agent. The third ... Read More
SURVEY RESULTS FOR
THE UNDISCLOSED PRINCIPAL
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