123. Fraudulent motive of agent immaterial.

123.     Fraudulent motive of agent immaterial.

A principal is not exempt, where he would otherwise be liable in respect of an act done or bound by a contract made by his agent, by reason of the fact that the agent in doing it was acting in fraud of the principal1, or otherwise to his detriment2. A third party dealing in good faith with an agent, who acts within the apparent scope of his authority, and purports to act as agent3, is not prejudiced by the fact that the agent is using his authority