Is a Principal Bound by a Contract if the Agent has Exceeded his Authority?
Is a Principal Bound by a Contract if the Agent has Exceeded his Authority?
Author(s): Vaida JėčienėSubject(s): Law, Constitution, Jurisprudence
Published by: Florida Coastal School of Law and Vytautas Magnus University School of Law
Keywords: Authority of the Agent as a Basis to Bind the Principal by the Contract (The United States of America; UK; Lithuania);
Summary/Abstract: The purpose of this article was to analyze the contractual liability of the principal to the third party when the agent, who acts on behalf of (in the name of) the principal, exceeds his authority in making a contract with the third party. The hypothesis stated that: the principal is not bound by the contract entered on his behalf, if the agent exceeds the scope of authority, unless the principal ratifies the contract. The hypothesis is proved. (...)
Journal: International Journal of Baltic Law
- Issue Year: 2004
- Issue No: 3
- Page Range: 50-74
- Page Count: 25
- Language: English
