126. Rights and liabilities of principal.

As a general rule1, any contract made by an agent with the authority2 of his principal may be enforced by3 or against4 the principal where his name or existence was disclosed to the other contracting party at the time when the contract was made5.

Where the principal is undisclosed, the authorised contract of the agent may also as a general rule be enforced by or against the principal6. If, however, the agent contracts in such terms as to imply that he is the real and only principal, evidence to contradict the terms of the contract will not be admitted7. Whether