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NeCede's

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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