North Dakota Code 3-03-01 – Rights and liabilities accruing to principal
Current as of: 2023 | Check for updates
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An agent represents the agent’s principal for all purposes within the scope of the agent’s actual or ostensible authority, and all the rights and liabilities which would accrue to the agent from the transactions within such limit, if they had been entered into on the agent’s own account, accrue to the principal.
Terms Used In North Dakota Code 3-03-01
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.