LAW 633 Lecture Notes - Lecture 4: Ampex, Concurrent Estate, Jean-Antoine Watteau
31 May 2020
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Defendants bought victoria hotel from owner/manager-humble and kept humble"s name on the door. Buyers became undisclosed principal and humble was agent, but held himself out to be the principal. Owners told humble not to buy anything except bottled ales and water, but humble bought cigars and bovril. Held: owners were undisclosed principal and liable: policy: undisclosed principal benefited by agent"s goodwill, expertise, client contacts or negative consumer associations with the undisclosed principal. It allows unsuspecting third parties to contract freely: r3d (agency), 4. 01. Affirmance of prior act done by another, giving it effect as if done by an agent with actual authority. Ratification by: manifesting assent, or, justifiable conduct leading to reasonable assumption, r3d (agency), 4. 02. Not bound by ratification when: made without material knowledge involved in original transaction, and, when ratifying person does not know he is unaware of the material facts, r3d (agency), 4. 07. Can only ratify the entire transaction, not parts: r3d (agency), 4. 08.
