Notice to agent binds the principal as if received by the principal, affecting set-off rights against third parties. Notice or information given to an agent in the course of transacting business for the principal has the same legal effect between the principal and third parties as if given to the principal; consequently, agent-obtained knowledge acquired during agency can prevent a principal from claiming set-off against an apparent vendor, whereas knowledge acquired by the agent before employment and not in the course of agency does not bind the principal and does not defeat set-off.
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.
Notice to agent binds the principal as if received by the principal, affecting set-off rights against third parties.
Notice or information given to an agent in the course of transacting business for the principal has the same legal effect between the principal and third parties as if given to the principal; consequently, agent-obtained knowledge acquired during agency can prevent a principal from claiming set-off against an apparent vendor, whereas knowledge acquired by the agent before employment and not in the course of agency does not bind the principal and does not defeat set-off.
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