Where an agent is entrusted with any money, goods, or other property belonging to his principal, as a general rule1, no disposition of such property made by the agent without the authority of the principal is binding upon the principal2; and, notwithstanding any such disposition, the principal is entitled to follow the property into the hands of third persons and recover it3 or its value4.
Where an agent is entrusted by his principal with property to be applied for the purposes of the principal, and to be accounted for on that footing, he is in a fiduciary position, and a
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234