Agency contract effect: principal bears the legal consequences of contracts and receipts made by an agent. Contracts entered into through an agent have the same legal consequences and enforceability as if the principal had acted personally; where an agent validly contracts or receives money within authority, the principal is entitled to claims and the payer is discharged, and third-party defenses or offsets against the agent do not defeat the principal's rights.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Agency contract effect: principal bears the legal consequences of contracts and receipts made by an agent.
Contracts entered into through an agent have the same legal consequences and enforceability as if the principal had acted personally; where an agent validly contracts or receives money within authority, the principal is entitled to claims and the payer is discharged, and third-party defenses or offsets against the agent do not defeat the principal's rights.
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