Agent's authority
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 18 U.S. 326 - Mechanics' Bank of Alexandria v. The Bank of Columbia · 1820Most cited · 103 citing opinions
It is by no means true, as was contended in argument, that the acts of agents derive their validity from professing, on the face of them, to have been done in the exercise of their agency. In the more solemn exercise of derivative powers, as applied to the execution of instruments known to the common law, rules of form have been prescribed. But in the diversified exercise of the duties of a general agent, the liability of the principal depends upon the facts, 1. That the act was done in the exercise, and, 2. Within the limits of the powers delegated.