Daley v. Iselin

Citations

• 218 Pa. 515
• 67 A. 837
• 1907 Pa. LEXIS 562

Syllabus

<p>Principal and agent — Vendor and vendee — Estoppel—Contract.</p> <p>Where a principal authorizes his agent orally to purchase land, and the agent' enters into a written agreement to purchase the land, and also in addition to the land, two options, and the principal without any knowledge of the written agreement, or of the options mentioned in it, accepts a deed for the land, and pays the purchase money therefor, he cannot be held liable for the price of the options. In such a case the acceptance of the deed and payment of the purchase money do not estop the principal from repudiating the agreement made by the agent without his knowledge or authority.</p> <p>Where the relation of principal and agent exists,before an unauthorized act of the agent can be said to be ratified by the principal, he must have full knowledge of all the material facts and circumstances attending the act; no different rule is to be applied when one is to be estopped.</p>