Principal's liability

Corporate & Other Laws

How is in example 49, the transaction void. The principal should be liable since it was authorisd agent.

Aman Mahajan

CA Final

★ 19K+

24-Aug-21 11:40

554

Answers (1)

Because A is not authorised to sign bill of lading even without goods are actually received.This act was beyond his authority and hence void

Himanshu Somani

CA Final

★ 97K+

24-Aug-21 12:10