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Purchasing Agent Volume 4, No. 3; Magazine of Centralized Buying

Purchasing Agent Volume 4, No. 3; Magazine of Centralized Buying


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt: ... in the usual way--which is not an unusual proceeding. In such a case did we have to pay the amount again, or did the payment to the traveller relieve us? LIMITATIONS OF AN AGENT Now, it is a well recognized principle of the law of agency that an agent can only bind his principal when acting within the scope of his authority, and the courts have decided that authority from a principal to an agent to do a specified act is limited to that act, and does not empower the agent to bind his principal by any act securing essentially different rights and imposing essentially different obligations. Acting on this rule the courts of England, Canada and the United States have held that where a travelling salesman merely solicits orders for the goods which are not in his possession, he has no implied authority to receive payment, and that without proof of such authority payment to him does not discharge the debt. But if he has the actual possession of the goods sold, then it is implied that he has authority to collect the price. "Where the principal has clothed the agent with the indicia of authority to receive payment," says a leading legal authority, "as by intrusting him with the possession of the goods to be sold, the purchaser is warranted in paying the price to the agent at the time of the sale. But when the agent has not the possession of the goods and no other indicia of authority, and is only authorized to sell, the purchaser pays the agent at his peril, and it devolves upon him to show that the agent was authorized to receive payment. An agent selling on credit has no implied authority to subsequently collect the price unless the principal has held him out to third persons as having authority to receive payments." This rule has been laid do...


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Product Details
  • ISBN-13: 9781235870323
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1235870324
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 73 gr


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Purchasing Agent Volume 4, No. 3; Magazine of Centralized Buying
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