A(n) ________ agency results if a third party entering into a contract knows (1) that the agent is acting as an agent for a principal and (2) the actual identity of the principal.

Laws related to business transactions, contracts, certain corporate bodies and related matters.

Also: Business Law deals with the laws on the basis of which every deal between people and commercial firms are governed. The Law of Contract constitutes the most important branch of Mercantile or Commercial Law.