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re: If CN was ineligible as of Monday, . . .

Posted on 12/2/10 at 10:29 am to
Posted by Tigerlaw28
Member since Nov 2009
51 posts
Posted on 12/2/10 at 10:29 am to
quote:

granted his father the power to determine which college he would attend shouldn't any actions of the father as authorized "agent" or representative of his son be an action attributable to Cam?


Being deemed an agent or does not mean an agent can act outside of the scope of his agency. e.g. Self Deal

A business owner often relies on an employee or another person to conduct a business. In the case of a corporation, since a corporation is a fictitious legal person, it can only act through human agents. The principal is bound by the contract entered into by the agent, so long as the agent performs within the scope of the agency.

A third party may rely in good faith on the representation by a person who identifies himself as an agent for another. If it is subsequently found that the alleged agent was acting without necessary authority, the agent will generally be held liable.



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