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Agent by Ratification

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Agent by Ratification

  • This topic has 1 reply, 2 voices, and was last updated 5 months ago by MikeLittle.
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  • January 5, 2022 at 5:01 pm #645357
    Pradyumna18
    • Topics: 1
    • Replies: 0
    • ☆

    If the Agent gets a contract on behalf of a principal without any proper contract or without the principal giving a prior acknowledgment, isn’t it that the agent is technically scamming the customer? cause he has no right to represent the principal yet he pretends to do so

    January 13, 2022 at 9:12 am #645821
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22548
    • ☆☆☆☆☆

    I’m not sure that I recognise ‘scamming’ as a technical expression that I have read in any law text books!

    Simply, yes! Unless and until the principal accepts the ‘agency contract’ the agent will be personally liable

    OK?

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