What are some good reasons to refrain from disclosing an agency or a principal's identity? Choose 2 answer choices. When a principal does not have adequate resources in case he or she is held liable for damages related to an agency relationship When a principal wishes to enter into transactions, but is concerned that if third parties knew his or her identity they would be less likely to enter into the agreement When a principal wishes to remain anonymous for privacy reasons In which situation does an agent have the least exposure to liability? Unidentified principal Undisclosed principal Fully disclosed principal An agent's liability exposure is the same, regardless of the degree of disclosure. What are the two types of actual authority? Choose 2 answer choices. Apparent authority Implied authority Fiduciary relationship authority Express authority