Disclosed principal, Business Law and Ethics

Disclosed Principal - Relations between Agent and Third Party

Whether the agent acted to a disclosed principal through informing the third party such he was an agent acting to a principal like whether named or unnamed the universal rule is such he drops out of the transaction as soon like his offer has been accepted or conversely so then he has accepted the third party's offer also.

Although he is not personally liable below the contract and hence cannot personally enforce it in such the event of its breach. Thus only the principal can sue or be sued there under like as:


Where an agent would be personally liable whether;

(a) If he executes a deed in his own name: like Appleton v. Binks (1804) principal which not exist or has no capacity.

(b) If he signs a bill of exchange in his own name there without indicating that he is acting as an agent.

(c) If he contracts as agent although is in fact a principal

(d) Whether the custom of particular trade makes him liable also.

Posted Date: 1/22/2013 5:39:17 AM | Location : United States

Related Discussions:- Disclosed principal, Assignment Help, Ask Question on Disclosed principal, Get Answer, Expert's Help, Disclosed principal Discussions

Write discussion on Disclosed principal
Your posts are moderated
Related Questions
Which was the first global treaty The IAEA was the first global treaty regulating and facilitating the trade of nuclear technology through its provisions. Within the framework

Powers and Duties:  The powers and duties of the secretary depend on the size and nature of the company and the personal contractual arrangements that it makes with him. Howev

In a business context, there are thousands of legal claims that happen frequently in a company's course of operations. Frequently, the management team must come to together to veri

State Article 3 of air and outer space law Article 3 refers to the fact that the Convention would be applicable to the civil aircraft only and not to the state aircraft. Also,

Judicial elucidation of Acts: In fact the other points to be noted in relation to judicial elucidation of Acts are as follows: like; (a)   There is no clause of an Act is t

Determine the implications of the legislature Policy outcomes are the result of legislative bargaining. So policy becomes a compromise between the executive and the legislature

Approval of the scheme - mergers and winding up: A scheme of arrangement was agreed between Hambros and Hellenic whereby the shareholders of Hellenic were to have their shares

QUESTION Gerald is aggrieved of the decision of the Minister of Public Infrastructure to build a high way bypass through his housing estate. Gerald has been advised to apply

What is International Civil Aviation Organization The Chicago Convention on International Civil Aviation 1944 governs and regulates the laws of air space and outer space. Furth

Explain two scenarios in which a restraint of trade clause would typically be used.