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| Magnus Real Estate Developers, Inc. wanted to acquire certain tracts of land in Marshall Township in order to build a shopping center complex. To accomplish this goal, Magnus engaged Dexter, a sophisticated real estate dealer, to represent them in the purchase of the necessary land without revealing the existence of the agency. Dexter began to slowly but steadily acquire the requisite land. Which of the following is correct under these circumstances? A. An undisclosed principal such as Magnus can have no liability under the contract since the third party believed he was dealing with Dexter as a principal. B. The use of an agent by Magnus, an undisclosed principal, is manifestly illegal. C. An agent for an undisclosed principal assumes no liability as long as he registers his relationship to the principal with the clerk of the proper county having jurisdiction. D. Either Magnus or Dexter may be held liable on the contracts for the land. |