How the Law of Agency Affects Business

Cover How the Law of Agency Affects Business
How the Law of Agency Affects Business
Theophilus John Moll
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Which was delivered to M. On the strength of which M. Forwarded through the local express company (represented by the same operator) the sum of $1, 500. The operator intercepted the package on its arrival and appropriated the money. These facts were held sufficient to establish the telegraph company's lia- bility. The express company was not sued, but the court intimated it too would have been liable.
Where Acts of Undisclosed Principal Have Been Ratified. Whenever an agent for a disclosed prin
...- cipal acts within the scope of his authority, or hav- ing acted beyond or without authority has his act ratified by his principal, the third person is entitled to look to the principal alone on the contract. Other- wise, as we have already seen, the third person may look to the principal, or (as we shall presently see) he may elect to hold the agent. But in certain other cases of disclosed principals, the third person may resort to either the principal or the agent. If the agent contracts personally in a simple contract (that is, one not under seal, or negotiable under the law merchant) he is personally liable, as is also his prin- cipal, at the option of the third person.

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