Unauthorized Agency Contract Validity
Synthèse Legislator
Généré par l'IAA contract entered into by an agent acting without proper authorization, specifically where the purported principal never ratified the agreement, is voidable against the third party who contracted with the agent, and the court affirmed that the principal is not bound by obligations undertaken in their name by a person lacking the requisite power of attorney, thereby upholding the invalidity of the unauthorized contract.
Regeste Legislator
Généré par l'IAUnauthorized Agency Contract Validity: A contract entered into by an agent acting without proper authorization, specifically where the purported principal never ratified the agreement, is voidable against the third party who contracted with the agent, and the court affirmed that the principal is not bound by obligations undertaken in their name by a person lacking the requisite power of attorney, thereby upholding the invalidity of the unauthorized contract.