59-3-8. Agent cannot have authority to defraud principal.
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/sd/title-59/chapter-59-3/59-3-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An agent can never have authority, either actual or ostensible, to do an act which is, and is known or suspected by the person with whom he deals to be, a fraud on the principal.