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Friday, 10 January 2014

Liability Authorized & Unauthorized Acts

Liability Authorized Acts
If undisclosed Principal, no liability unless.
§ Principal expressly excluded.
§ Contract is a negotiable instrument.
§ Agent’s performance is personal.
§ 3rd party would have contracted if he knew the Principal’s identity.
Liability Unauthorized Acts
Unauthorized acts outside of Agent’s express, implied or apparent authority. If Agent has no authority, Principal is not liable, but Agent is liable.

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