Agent Authority in Contracts for Incapacitated Principals
Synthèse Legislator
Généré par l'IAA contract for the sale of a building, entered into by an agent acting for a principal who was known to be legally incapacitated, was challenged on the grounds that the agent lacked the authority to contract on behalf of the incapacitated person. The court held that even if the principal lacked capacity, the agent's authority, derived from a mandate, was not automatically extinguished by the principal's subsequent incapacitation if the mandate was validly granted prior to that event, and therefore, the contract remained valid if the agent acted within the scope of that existing authority.
Regeste Legislator
Généré par l'IAAgent Authority in Contracts for Incapacitated Principals: The court held that even if the principal lacked capacity, the agent's authority, derived from a mandate, was not automatically extinguished by the principal's subsequent incapacitation if the mandate was validly granted prior to that event, and therefore, the contract remained valid if the agent acted within the scope of that existing authority.