AJ 010 Lecture Notes - Lecture 8: Moe Williams

• School: Pasadena City College
• Department: Administration of Justice
• Course: AJ 010
• Professor: Gallon

Document Summary

The agent owes interest on the sums he has applied to his own use from the day on which he did so, and on those which he still owes after the extinguishment of the agency. The agent who acts as such is not personally liable to the party with whom he contracts, unless he expressly binds himself or exceeds the limits of his authority without giving such party sufficient notice of his powers. General rule: an agent who acts as such is not personally liable to the party with whom he contracts. Reason for general rule: because an agent who acts as such within the scope of his authority represents the principal so that his contract is really the principal"s. When he exceeds the limits of his authority without giving the third party sufficient notice of his powers. When the agent expressly binds himself, he thereby obligates himself personally and by his own act.