Commentaries On the Law of Contracts Upon a New And Condensed Method
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561.
6 Ante, § 365 et seq. l' Eaton v. Gay, 44 Mich. 431.
420 CHAP. XL.] CONTRACTS THROUGH AGENTS. § 1061 cancelling of a mortgage and the notes it secures, and the taking of a new mortgage and notes, the agent cannot do the former without the latter.^ An authority, in general terms, to hire a clerk for the principal at eleven dollars a week does not empower the agent to fix the period of service at six months.^ Two separate agents may be employed about the same business, if of a nature to admi...t of it ; there- fore a principal, by authorizing a second agent to negotiate bonds, does not by implication put an end to the power of the first agent.^ § 1060. Implied from Express. — Whatever powers are strictly necessary to the carrying out of those expressly given to the agent, are his by implication.* There is a similar rule governing the interpretation of statutes.^ The powers thus implied are, within principles explained in a preceding chap- ter,^ regarded the same in the law as though set down in words.
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To quickly assess the difficulty of the text, read a short excerpt:
561.
6 Ante, § 365 et seq. l' Eaton v. Gay, 44 Mich. 431.
420 CHAP. XL.] CONTRACTS THROUGH AGENTS. § 1061 cancelling of a mortgage and the notes it secures, and the taking of a new mortgage and notes, the agent cannot do the former without the latter.^ An authority, in general terms, to hire a clerk for the principal at eleven dollars a week does not empower the agent to fix the period of service at six months.^ Two separate agents may be employed about the same business, if of a nature to admi...t of it ; there- fore a principal, by authorizing a second agent to negotiate bonds, does not by implication put an end to the power of the first agent.^ § 1060. Implied from Express. — Whatever powers are strictly necessary to the carrying out of those expressly given to the agent, are his by implication.* There is a similar rule governing the interpretation of statutes.^ The powers thus implied are, within principles explained in a preceding chap- ter,^ regarded the same in the law as though set down in words.
What to read after Commentaries On the Law of Contracts Upon a New And Condensed Method?
You can find similar books in the "Read Also" column, or choose other free books by Joel Prentiss Bishop to read onlineMoreLess
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