Maxim 4.4.22
Whatever things or rights that are acquired by an agent are acquired for his principal.
Source: Story, Ag. s. 403; Weisman, 4g
Explanation
(English-origin maxim.) An agent's acquisitions belong to the principal — the agent is merely the instrument, and whatever he obtains in the course of the agency vests in the one he serves.
Where this applies
- An employee buys property using company funds and tries to claim it personally.
- An agent negotiates a deal and attempts to keep the benefit instead of passing it to the principal.
Cite this maxim
NeCede Max. 4.4.22 — Whatever things or rights that are acquired by an agent are acquired for his principal. — Story, Ag. s. 403; Weisman, 4g
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