157. Fact of agency not disclosed.

7.     Relations between Agent and Third Persons

(1)     Liabilities of Agent

(i)     On Contracts

157.     Fact of agency not disclosed.

Where a person makes a contract in his own name without disclosing either the name or the existence of a principal, he is personally liable on the contract to the other contracting party, though he may be in fact acting on a principal's behalf1. He will continue to be liable even after the discovery of the agency by the other party, unless and until there has been an unequivocal election by the other contracting