Principle

COMPANY LAW — Director — Agent of Company — Director Cannot Sue or Be Sued on Contract for Disclosed Principal

Area of law
COMPANY LAW
Court
Supreme Court

A director acts as agent of the company when contracting on its behalf. The company, as principal, is liable on the contract, not the director personally. The principle applies to company law and contract. The rule protects directors from personal liability for disclosed principal contracts.…

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