Disclosed principal, Business Law and Ethics

Assignment Help:

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:

Exceptions

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.


Related Discussions:- Disclosed principal

Determine the central feature of politics, Determine the central feature of...

Determine the central feature of politics Indeed this manipulation is a central feature of politics: "Problem definition is the active manipulation of images of conditions by c

Commencement of business, Commencement of Business: Section III (1) pr...

Commencement of Business: Section III (1) provides that a public company which has issued a prospectus cannot commence business or exercise any borrowing powers unless:-

Explain the main elements that constitute a valid contract, Question 1: ...

Question 1: Explain the main elements that constitute a valid contract. Question 2: Explain the concepts of negligence and remoteness of damage in tort law. Questio

Online exam in Business Law, #questonline exam of business law about 20 qes...

#questonline exam of business law about 20 qestions ( T and F , MC, and short answers ) The exam will open just for two hours The exam will start half of hour from now >> can yo

Statutory task force on phoenix activity, Q. Statutory task force on phoeni...

Q. Statutory task force on phoenix activity? A long term option could be the establishment of a statutory task force on phoenix activity. This could be supported by all the rel

Express and implied terms of contract, Express and Implied terms of contrac...

Express and Implied terms of contract Express terms However the terms of a contract are said to like "express terms" whether the parties themselves adverted to them on

Illustrate the principle of authority or power, Illustrate the principle of...

Illustrate the principle of authority or power Authorities are delegated by the Principal to agents and it is the characteristic of all the governments. This delegation of auth

Disclaimer of assets, DISCLAIMER OF ASSETS: The liquidator has a statu...

DISCLAIMER OF ASSETS: The liquidator has a statutory right of disclaimer of assets: s.135.  The rules are: (a)     he must obtain leave of the court; (b)     the right o

Pawan, Decode the Code Problem Description Smugglers are becoming very smar...

Decode the Code Problem Description Smugglers are becoming very smart day by day. Now they have developed a new technique of sending their messages from one smuggler to another. In

Subject-matter of the contract, Subject-Matter of the Contract Through...

Subject-Matter of the Contract Through S.7(1) the goods such form the subject-matter of a contract of sale may exist either  possessed  or existing goods may like owned by the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd