Business Law for Business Men a Reference book Showing the Laws of California F
Business Law for Business Men a Reference book Showing the Laws of California F
A J Anthony Jennings Bledsoe
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It is also terminated when revoked by the principal, or by the principal's death, or by the principal's incapacity to act; but there is an exception to the rule that an agency is thus terminated because of the revocation by death or incapacity of the principal, in cases where the agent has acquired from his principal an interest in the thing which is the subject of the agency; for such an interest may survive all of these events, and be binding upon the principal's heirs, adminis- trators, and ...executors, so as to continue the agency in existence. The interest which will keep alive the agency, under such conditions, must not be a mere lien for com- pensation or commissions, but must be an interest in the property or other subject of the agency. Civil Code, Sections 2355, 2356. 146 BUSINESS LAWS FOR BUSINESS MEN. Wholesaler's Agents Section 111. TRAVELING AGENTS. In modern bus- iness enterprise the employment of traveling agents by wholesale houses is adopted as one of the necessary means of obtaining or keeping trade.
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