American Commercial Law Series volume 3
American Commercial Law Series volume 3
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In our eReader you can find the full English version of the book. Read American Commercial Law Series volume 3 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book American Commercial Law Series volume 3
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To quickly assess the difficulty of the text, read a short excerpt:
EXECUTION BY AGENT. An instrument ex- ecuted by an agent should be signed by the agent in the name of the principal. If signed by the agent in his own name he is liable thereon.
We know of course from the law of agency that one cannot bind another as his principal unless there is real or apparent authority. Assuming that there is such authority we will note the form in which the agent should execute the instrument in order to bind his principal and not himself personally. First, it is a rule of... negotiable paper, that has been strictly adhered to, 63. Holzman v. Teague, 158 N. Y. Suppl. 211.
AMERICAN COMMERCIAL LAW. 69 that no person is bound upon negotiable paper except one who is named therein by his proper or assumed name. Again, there is no rule to prevent an agent binding himself even though he have authority to bind another. So that if the agent executes an instrument in his own name he personally is bound thereon and the principal is not bound. And this is true even though he describe himself as "Agent" or even "Agent of John Jones, " for it is considered that the words after his name are merely words of identification or description.
What to read after American Commercial Law Series volume 3?
You can find similar books in the "Read Also" column, or choose other free books by Alfred William Bays to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
EXECUTION BY AGENT. An instrument ex- ecuted by an agent should be signed by the agent in the name of the principal. If signed by the agent in his own name he is liable thereon.
We know of course from the law of agency that one cannot bind another as his principal unless there is real or apparent authority. Assuming that there is such authority we will note the form in which the agent should execute the instrument in order to bind his principal and not himself personally. First, it is a rule of... negotiable paper, that has been strictly adhered to, 63. Holzman v. Teague, 158 N. Y. Suppl. 211.
AMERICAN COMMERCIAL LAW. 69 that no person is bound upon negotiable paper except one who is named therein by his proper or assumed name. Again, there is no rule to prevent an agent binding himself even though he have authority to bind another. So that if the agent executes an instrument in his own name he personally is bound thereon and the principal is not bound. And this is true even though he describe himself as "Agent" or even "Agent of John Jones, " for it is considered that the words after his name are merely words of identification or description.
What to read after American Commercial Law Series volume 3?
You can find similar books in the "Read Also" column, or choose other free books by Alfred William Bays to read onlineMoreLess
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