John is an agent for Peabody. John tells Wanda (a third party) of Peabody’s existence, but not its identity, therefore John is an agent for a(n) principal. If John signs a contract with Wanda on behalf of Peabody, John is on the contract.

C) partially disclosed principal , personally liable

Explanation:

Partially disclosed principal

Partially disclosed principal occurs when an agent reveals that he has a principal but doesn't reveal the identity of the principal to the third party.

John revealed that he has a principal to Wanda (third party) but withheld the principal's identity.

This means John partially disclosed his principal.

Personally liable

Personal liability is a situation in which an individual is responsible for a financial obligation.

If John signs a contract in behalf of Peabody,It means John is legally responsible for the contract. John will be held responsible for the fulfillment of the contract out of his/her assets.

John= Agent

Wanda= Third party

Peabody= Principal

answer; post closing trial balance;