AJ 010 Lecture Notes - Lecture 17: Moe Williams, Contract
Document Summary
Effect of revocation in relation to 3rd persons if the agent was authorized to contract with the public in general: In case the agent has general powers, innocent 3rd parties dealing with the agent will not be prejudiced by the revocation before they have knowledge thereof. General rule: special information needs special information of revocation. Except: if you can prove that the 3rd person read the notice in the newspaper. The appointment of a new agent for the same business or transaction revokes the previous agency from the day on which notice thereof was given to the former agent, without prejudice to the provisions of the two preceding articles. There is implied revocation of the previous agency when the principal appoints a new agent for the same business or transaction if there is incompatibility. But the revocation does not become effective as between the principal and the agent unless it is in some way communicated to the latter.