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Inference that the agent has certain powers, and if so the

principal will be estopped to deny the existence of such

powers. " If a man, whatever his real meaning may be, so

conducts himself that a reasonable man would take his eon-

duct to mean a certain representation of facts, and that it

was a true representation, and that the latter was intended

to act upon it in a particular way, and he, with such belief,

does act in that way to his damage, the first is estopped

from denying that the facts were as represented." * The

doctrine is the general doctrine of estoppel and calls for

no special consideration in this place.^

§ 107. Apparent scope of authority. — Illustrations.

(1) Agent authorized to sell. An agent authorized to sell

possesses impliedly or by custom the following authority :

(a) to receive payment if the agent has possession of the

goods but not otherwise ;'' (/>) to fix the terms of the sale

1 Levitt r. Hamblet, 1901, 1 K. B. 53.

2 Ahum V. Goodspeed, 72 N. Y. 108; T:ilniage v. Bierhause, 103 Ind.

270.

8 Herring v. Skaggs, 62 Ala. 180, s. c 73 Ala. 440.

* Carr v. Ky. Co., L. 11. 10 C P. 307, 317; Austrian c. Springer, 04

Mich. 343.

6 See ante, §§ 51, 52, 103; Smith v. Clews, 105 N. Y. 283; Levi v.

Booth, 58 IMd. 305; Johnson v. Hurley, 115 Mo. 513; Smith v. ]\IcGuire,

3 H. & N. 554.

• Higgius V. Moore, 34 N. Y. 417; Butler v. Dorman, 68 Mo. 298;

CONTRACT FOR DISCLOSED PRINCIPAL. 141

SO far as reasonably within the customs of such agencies

and sales ;^ (В«?) to warrant the quality of the goods sold if

such goods are customarily sold with such a warranty by

agents of like kind,^ but not if the article be not usually

sold with a warranty,^ or with a warranty like the one in

question,^ or if the agent be one not usually authorized to

warrant.^ He has no implied authority to sell at auction;^

to exchange the goods by way of barter with a third person ;7

to sell on credit^ unless clearly justified by custom, as in the

case of factors; to pledge or mortgage the goods ;^ or, after

a sale is once made, to rescind the contract or modify its

terms.i*' These rules apply, in the main, to agents author-

Ized to sell realty as well as to those authorized to sell

personalty.^^

(2) Agent authorized to ijurchase. An authority to pur-

chase is construed somewhat more strictly than an authority

to sell. Except where " it is the custom of tiie trade to buy

Law V. Stokes, 32 X. J. L. 249. Payment must be in money, not in

checks or other negotiable instruments. Harlan v. Ely, 68 Cal. 522 ;

Brown v. Smith, 67 N. C. 245; Buckwalter v. Craig, 55 Mo. 71.

1 Putnam v. French, 53 Vt. 402; Daylight Burner Co. v. Odlin, 51

N. H. 56.

2 Dingle i>. Hare, 7 C. B. n. s. 145; Ahern v. Goodspeed, 72 N. Y.

108 ; Pickert v. Marston, 68 Wis. 465.

8 Smith V. Tracy, 36 N. Y. 79 ; Argersinger v. Macnaughton, 114

N. Y. 535; Herring v. Skaggs, 62 Ala. 180, s. c. 73 Ala. 446.

4 Wait V. Borne, 123 N. Y. 592; Upton v. Suffolk County Mills, 11

Cush. (Mass.) 586 ; Palmer v. Hatch, 46 Mo. 585 ; Brady v. Todd, 9 C. B.

N. s. 592.

8 Payne v. Leconlield, 51 L. J. Q. B. 642; Cooley v. Perrine, 41

N. J. L. 322, s. c. 42 X. J. L. 623; Dodd v. Farlow, 11 Allen (]\Iass.),

426.

6 Towle V. Leavitt, 23 N. H. 360.

7 Taylor ;•. Starkey, 59 N. H. 142; Guerreiro v. Peile, 3 B. & A. G16.

8 Wiltshire v. Sims, 1 Camp. 258; Payne v. Potter, 9 Iowa, 519.

9 Wheeler, &c. Co. v. Givan, 65 Mo. 89; Warner v. Martin, 11 How.

(U. S.) 209; Frink v. Roe, 70 Cal. 296; Rodick y. Coburn, 68 Me. 170.

For statutory provisions under Factors' Acts, see post, В§ 171.

10 Nelson v. Aldridge, 2 Stark. 435; Diversy v. Kellogg, 44 111. 114,-

Smith V. Rice, 1 Bailey (S. C), 648 ; cf. Young v. Cole, 3 Bing. N. C. 724.

11 Le Roy v. Beard, 8 How. (U. S.) 451; Schultz v. Griffin, 121 N. Y.

294; Peters v. Farnsworth, 15 Vt. 155.

142 PRINCIPAL AND TllIKD rAUTY.

Oil credit," "the law does not raise any presuni[ttion that

such agent may bind his principal l)y a purcliase on credit,

but the contrary." ^ This, of course, where the agent is

supplied with funds; if he be not supj)lied with funds, the

direction to buy will imply the authority to buy on credit.^

He can buy neither more, nor less, nor any diiferent kind

of goods, than his instructions specify,^ or than third persons

may reasonably infer that he has authority to contract foi-.'*

He may be presumed to have such powers as are reasonaljly

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