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Unit 1 - Agency

katy_mcbride12 Business Organisations Inglés 27 fichas

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  1. 1Principal knew what agent was doing and never stopped him until something went wrong. Held to have acquiesced.Freeman & Lockyer v Buckhurst
  2. 2Agent cannot represent his own authorityArmagas v Mundogas SA
  3. 3Agent cannot represent his own authority HOWEVER can if said spoken to principal about it ie got more authorityFirst Energy v Hungarian Bank
  4. 4Ratification by P has retrospective effectBolton Partners v Lambert
  5. 5Ratification by P has retrospective effectGoodall v Bilsland
  6. 6Less loss is needed for the enforcement of apparent authority than personal barGregor Homes v Emlick
  7. 7ratification cannot happen if undisclosed principalKeighley Maxled v Durant
  8. 8Principal must make informed choice to ratifyForman v The Liddesdale
  9. 9Principal must be in existence and have capacity to ratifyBoston Deep Sea Fishing v Farnham
  10. 10disclosure unnamed principal - choice whether to sue agent or principalFerrier v Dodds
  11. 11disclosure unnamed principal - question on whose credit did the third party rely onRudely v Monte Marco
  12. 12disclosure unnamed principal - could find the principal but don't bother then can't hold them liableLamont Nisbett v Hamilton
  13. 13disclosure unnamed principal - if you refuse to disclose the principal, agent is personally liableGibb v Cunningham & Robertson
  14. 14Undisclosed principal - can go far without being an election on who to sueMeier v Kuchenmeister
  15. 15Undisclosed principal - payment from insolvent estate is satisfaction of estateDavid Logan v Schuldt
  16. 16Undisclosed principal - may be excluded in enforcing the contract if there was deceitSaid v Butt
  17. 17If agent does not say his signature is on behalf of the principal - personally liableStewart v Shannessy
  18. 18Strict liability as auctioneer sold wrong horse but did nothing wrong. Held liableAnderson v Croall & Sons
  19. 19Mortgage fraud - solicitors not liableCheshire Mortgage v Gradison
  20. 20Agent's duties - follow instructionsGilmour v Clark
  21. 21Agent's duties - Duty of reasonable care of competent member of professionHunter v Hanley
  22. 22Agent's duties - don't act for more than one principal but if that's what is usually done it's okayLothian v Jenolite
  23. 23Agent's duties - avoid secret profitsImageview Management v Jack Ltd
  24. 24Principal's Duties - remunerationWalker, Fraser & Steele v Fraser's Trustees
  25. 25Principal's Duties - reimburse expenses incurredThomlinson v SASL
  26. 26Principal's Duties - relief from liabilityStevenson v Duncan
  27. 27Terminate agency by rescission for material breachGraham v United Turkey

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Business Organisations Fichas sobre Unit 1 - Agency, creado por katy_mcbride12 el 03/05/2013.
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