Term
RSoA Sec. 194. Acts of General Agents |
|
Definition
A general agent for an undisclosed principal authorized to conduct transactions subjects his principal to liability for acts done on his account, if usual or necessary in such transactions, although forbidden by the principal to do them. |
|
|
Term
RSoA Sec. 195. Acts of Manager Appearing to be Owner |
|
Definition
An undisclosed principal who entrusts an agent with the management of his business is subject to liability to third persons with whom the agent enters into transactions usual in such businesses and on the principal's account, although contrary to the directions of the principal. |
|
|
Term
RSoA Sec. 8A. Inherent Agency Power
|
|
Definition
Inherent agency power is a term used in the restatement of this subject to indicate the power of an agent which is derived not from authority, apparent authority or estoppel, but solely from the agency relation and exists for the protection of persons harmed by or dealing with a servant or other agent. |
|
|
Term
RSoA Sec. 161. Unauthorized Acts of General Agent |
|
Definition
A general agent for a disclosed or partially disclosed principal subjects his principal to liability for acts done on his account which usually accompany or are incidental to transactions which the agent is authorized to conduct if, although they are forbidden by the principal, the other party reasonably believes that the agent is authorized to do them and has no notice that his is not so authorized. |
|
|
