National City Bank v. Gorham Engineering Co.

Citations

• 95 Wash. 52
• 163 P. 6
• 1917 Wash. LEXIS 752

Syllabus

<p>Principal and Agent — Authority of Agent — Rights and Liabilities of Third Persons. A written authority to an agent to indorse the name of the principal upon notes payable to the principal, dobs not authorize the agent to indorse the name of the principal upon a note payable to the agent and appearing on its face to be the property of the agent; and no such general authority can be implied from the specific limited authority.</p> <p>Same. In such case, the principle that where one of two interested parties must suffer, that one must hear the burden who placed the agent in the position to do the wrong, has no application, where the limited authority of the agent was in writing and fully disclosed.</p>