North Dakota § 3-04-02 When agent liable as principal

North Dakota Statutes

§ 3-04-02 — When agent liable as principal

North Dakota·Title 3 Agency·Ch. 3-04 Agent and Third Person Relation

One who assumes to act as an agent is responsible to third persons as a principal for that person's acts in the course of that person's agency in any of the following cases, and in no others:

1.When, with that person's consent, credit is given to that person personally in a transaction.

2.When that person enters into a written contract in the name of that person's principal without a good-faith belief in having the authority to do so.

3.When that person's acts are wrongful in their nature.

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One who assumes to act as an agent is responsible to third persons as a principal for that
person's acts in the course of that person's agency in any of the following cases, and in no
others:
1. When, with that person's consent, credit is given to that person personally in a
transaction.
2. When that person enters into a written contract in the name of that person's principal
without a good-faith belief in having the authority to do so.
3. When that person's acts are wrongful in their nature.

North Dakota § 3-04-02 (When agent liable as principal) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.