28. Co-agents.

28.     Co-agents.

A principal may give authority to co-agents to act for him, either jointly, or jointly and severally. A mere authority to act, without further specification, is a joint authority1, and can be acted upon only by the co-agents jointly2; but an authority given jointly and severally may be acted upon by all or any of the co-agents so as to bind the principal3.

A principal may also appoint co-agents, giving power to a quorum to act on his behalf. This is normally the position as between a registered company and its