Ch 37 Flashcards
(39 cards)
The liability of the agent to a third person depends on 1 ___________ and the manner of 2 __________
1 the existence of authority
2 executing the contract.
If an agent makes a contract with a third person on behalf of a disclosed principal and has proper authority to do so, and if the contract is executed properly, ___________ on the contract
the agent has no personal liability.
“Authorized” includes action that was 1 _____________
Once there is ratification, the original action of the agent 2 ____________
1 subsequently ratified by the principal.
2 is no longer unauthorized.
If the agent’s act causes the loss to the third person, the third person _______________.
hold the agent liable for the loss.
When the agent makes known the identity of the principal and the fact that the agent is acting on behalf of the principal, the principal is called
disclosed principal
The third person dealing with an agent of a disclosed principal ordinarily intends to make a contract with
the principal, NOT the agent.
When the agent makes known the existence of a principal but not the principal’s identity, the principal is a
partially disclosed principal.
When the third person is not told or does not know that the agent is acting as an agent for anyone else, the unknown principal is called
an undisclosed principal. In this case, the third person is making the contract, and the agent is the party to that contract.
http://pandanyuscpa.blog.fc2.com/blog-entry-336.html
The situation that agent make themselves liable on the contract with the third person occurs when the agent is a well-established local brokerage house or other agency and when the principal is ___________, and when ________.
1 located out of town
2 is not known locally.
(P745) to avoid any question of interpretation, an agent should execute the instrument by signing the ______ and either ______ or ______ and the agent’s name.
1 principal’s name
2 by
3 per.
If the instrument is ambiguous as to whether the agent has signed in a representative or an individual capacity, _________ is admissible as between the original parties to the transaction for _________ in which the agent was acting.
1 parol evidence (口頭証拠排除原則)
2 establishing the character
If an agent commits a crime, the agent is liable without regard to the fact of acting as an agent.
T
(P746) Agents are liable for harm caused to third person s by the agents’ fraudulent, international, or negligence acts. The fact that persons were acting as agents at the time or that they acted in good faith (誠実、誠意) under the directions of a principal does not ___________ if their conduct would impose liability on them when acting for themselves.
relieve them of liability
(p746) The principal is liable to the third person for ____________ and, ______________.
1 the properly authorized
2 the executed contracts.
When either the principal or the third person sue the other for the contract they are in, the agent is ______________ of the contract,
______________ for the performance,
cannot sue ____________.
not the party
is not liable
its breach.
(p746) The liability of a disclosed principal to a third person is not discharged by the fact that the principal gives the agent money with which to pay the third person
T
An undisclosed principal is liable for a simple contract made by an unauthorized agent.
T
Although the third person initially contracted with the agent alone, the third person, on learning of the existence of the undisclosed principal, may sue the principal.
T
In most jurisdiction, third person can _______ and _______ from the principal or agent until the judge is ____________.
1 sue
2 collect judgments
3 fully satisfied
When the third person made payment to the agent, the payment is deem made to the _______.
Principal
Even if the agent never remits or deliver the payment to the principal, the principal must ______________ so long as the third person made the payment in ________.
1 give full credit to the third person
2 good faith
(p748) Because apparent authority has the same effect as actual authority, a payment made to a person with apparent authority to receive the payment is deemed ________________ When a debtor make a payment to a person who is not apparent or actual agent of the creditor, such a payment does ___________ until the debtor pay money to the creditor in fact.
1 a payment to the apparent principal.
2 not discharge a debt
(p748) The principal is bound by a statement made by an agent while transacting a business within the scope of the authority. This means that the principal cannot later ______________ of the agent and show that it is not true. The statement should be made at the time the performance is ______________.
contradict to the statement
acted or shortly thereafter.
The rule that the knowledge is imputed(帰する) is extended in some cases to __________. The notice must be
knowledge prior to creation of the agency relationship.
Reliable.
代理人との関係始まる前から適用されることもある。