AJ 010 Lecture Notes - Lecture 18: Moe Williams, Contract, Involuntary Servitude
Document Summary
When a bilateral contract depends on the agency; When the agency is the means of fulfilling an obligation already contracted; When a partner is appointed as manager of a partnership in the contract of partnership and his removal from the management is unjustifiable. Requisite for agency to be irrevocable for being coupled with an interest: Interest of the agent must be in the subject matter of the power conferred and not merely an interest in the exercise of the power. Instances of an agency coupled with an interest: When the agent has parted with value or incurred liability at the principal s request, and he is looking to the exercise of the power as the means of reimbursement or indemnity. Whether an interest will make an agency irrevocable exists in a particular case is to be determined from the entire agreement between the parties and from the facts and circumstances.