Higher Accountancy, Principles and Practice (Volume 3); Business Law, by S. D. Hirschl
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Higher Accountancy, Principles and Practice (Volume 3); Business Law, by S. D. Hirschl

Higher Accountancy, Principles and Practice (Volume 3); Business Law, by S. D. Hirschl


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About the Book

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER H. AGENCY. 1. Agent and servant: Definitions. In its broader sense the word agent denotes a person who represents his principal and acts under his direction, whether in performing merely operative acts or in bringing the principal into relation with third parties. More narrowly, when the employment does not necessarily involve a third party in relations with the principal?for instance when it is snch an operative act as plowing the principal's field ?the relation is spoken of as that of master and servant, and the relation of principal and agent is confined to the bringing of the principal into contractual relations with third parties. Of course the same person may be for certain acts a servant and for others an agent, as for example when P's plowman purchases oats for the farm horses on P's credit. Section 1. Competency of the Parties. 2. Capacity to act as principal. Generally capacity to act as a principal depends on capacity to do directly the act which the appointment contemplates having done through an agent. One can not do through an agent what one is legally incapable of doing in person, but anyone who can make a valid contract can authorize an agent to make it. Conversely, the limits on one's capacity to make binding contracts are the limits of one's capacity to appoint agents. As the act of appointing an agent is ordinarily the making of a contract, substantially the same rules regarding the capacity of infants, married women, insane persons, and other persons under disability, to contract, are applied to questions regarding their capacity to appoint agents. 3. Same: Corporations. A corporation after it has been organized can authorize an agent to do any act it has been given charter power itself to do. Prior to its incorporation there can b...


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Product Details
  • ISBN-13: 9780217484381
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 180
  • Spine Width: 10 mm
  • Width: 189 mm
  • ISBN-10: 0217484387
  • Publisher Date: 02 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 331 gr


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Higher Accountancy, Principles and Practice (Volume 3); Business Law, by S. D. Hirschl
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