Unit 1 - Agency

Beschreibung

Business Organisations Karteikarten am Unit 1 - Agency, erstellt von katy_mcbride12 am 03/05/2013.
katy_mcbride12
Karteikarten von katy_mcbride12, aktualisiert more than 1 year ago
katy_mcbride12
Erstellt von katy_mcbride12 vor mehr als 11 Jahre
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Zusammenfassung der Ressource

Frage Antworten
Principal knew what agent was doing and never stopped him until something went wrong. Held to have acquiesced. Freeman & Lockyer v Buckhurst
Agent cannot represent his own authority Armagas v Mundogas SA
Agent cannot represent his own authority HOWEVER can if said spoken to principal about it ie got more authority First Energy v Hungarian Bank
Ratification by P has retrospective effect Bolton Partners v Lambert
Ratification by P has retrospective effect Goodall v Bilsland
Less loss is needed for the enforcement of apparent authority than personal bar Gregor Homes v Emlick
ratification cannot happen if undisclosed principal Keighley Maxled v Durant
Principal must make informed choice to ratify Forman v The Liddesdale
Principal must be in existence and have capacity to ratify Boston Deep Sea Fishing v Farnham
disclosure unnamed principal - choice whether to sue agent or principal Ferrier v Dodds
disclosure unnamed principal - question on whose credit did the third party rely on Rudely v Monte Marco
disclosure unnamed principal - could find the principal but don't bother then can't hold them liable Lamont Nisbett v Hamilton
disclosure unnamed principal - if you refuse to disclose the principal, agent is personally liable Gibb v Cunningham & Robertson
Undisclosed principal - can go far without being an election on who to sue Meier v Kuchenmeister
Undisclosed principal - payment from insolvent estate is satisfaction of estate David Logan v Schuldt
Undisclosed principal - may be excluded in enforcing the contract if there was deceit Said v Butt
If agent does not say his signature is on behalf of the principal - personally liable Stewart v Shannessy
Strict liability as auctioneer sold wrong horse but did nothing wrong. Held liable Anderson v Croall & Sons
Mortgage fraud - solicitors not liable Cheshire Mortgage v Gradison
Agent's duties - follow instructions Gilmour v Clark
Agent's duties - Duty of reasonable care of competent member of profession Hunter v Hanley
Agent's duties - don't act for more than one principal but if that's what is usually done it's okay Lothian v Jenolite
Agent's duties - avoid secret profits Imageview Management v Jack Ltd
Principal's Duties - remuneration Walker, Fraser & Steele v Fraser's Trustees
Principal's Duties - reimburse expenses incurred Thomlinson v SASL
Principal's Duties - relief from liability Stevenson v Duncan
Terminate agency by rescission for material breach Graham v United Turkey
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