Identify Under What Circumstances an Agent May Be Personally Liable

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The Answer is An agent who acts without authority and contracts with an outsider is liable to the third party for breach of warranty of authority.In this situation,there is no contract between either the principal and the outsider or the agent and the outsider.An agent may also be bound when he contracts on his own behalf to be a party to the contract along with his principal.Similarly,if the agent pretends to be the principal he runs the risk of being personally liable on the contract that is concluded.

Identify Under What Circumstances an Agent May Be Personally Liable

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Identify Under What Circumstances an Agent May Be Personally Liable

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Correct Answer:VerifiedShow Answer

Correct Answer:
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