Innocent Agent - Law Dictionary Search Results
Innocent agent
Matched in: Term Innocent agent
innocent agent
Matched in: Term innocent agent
agent
Matched in: Term agent
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Vicarious responsibility
A principal is liable for acts of his agent within the scope of his mandate. If A., an innocent principal, by B. his agent to report, misleads C., his selling agent, and C., relying on the report,
Representation
which the other party can or should form his own opinion is not as a rule actionable; 'an innocent misrepresentation gives no ground for damages,' but this involves the question whether the misrepresentation is innocent. If made … or assurance be made in writing, signed by the party to be charged therewith. A signature by an agent is not sufficient, so that a bank is not liable on the signature of the manager of one
Directors
liable to pay damages under the Act is entitled to contribution from his co-directors, unless the co-directors were innocent, and he was guilty of fraudulent misrepresentation, thus forming an exception to the old rule of Merryweather v. … of another company [Re Bulawayo Market Co., (1907) 2 Ch 458]. Directors are not trustees, but paid confidential agents, with very extensive powers, selected to manage the affairs of the company; they are, however, trustees of any
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