Without the express consent of the principal after a full knowledge of all the facts, an agent employed to sell may not himself be the purchaser; and an agent to buy may not himself be the seller.
History. Orig. Code 1863, § 2164; Code 1868, § 2160; Code 1873, § 2186; Code 1882, § 2186; Civil Code 1895, § 3010; Civil Code 1910, § 3582; Code 1933, § 4-204.
Law reviews.
For article surveying important general legal principles of municipal and county government purchasing and contracting in Georgia, see 16 Mercer L. Rev. 371 (1965).
Structure Georgia Code
Article 2 - Relations Between Principal and Agent
§ 10-6-20. Rights Under Agency for Illegal Purpose
§ 10-6-22. Diligence Required of Agent
§ 10-6-23. Agent May Follow Instructions From One of Several Principals
§ 10-6-24. Agent Not to Buy or Sell for Himself
§ 10-6-25. Agent Must Account for Profit From Principal’s Property
§ 10-6-26. Estoppel of Agent to Dispute Principal’s Title
§ 10-6-27. Right of Principal to Follow Money Deposited by Agent
§ 10-6-28. When Agent Depositing Principal’s Money Not Liable for Bank Failure
§ 10-6-29. Mingling Goods of Principal and Agent
§ 10-6-30. Agents and Fiduciaries to Keep Accounts; Effect of Neglect
§ 10-6-31. When Agent Entitled to Commission and Expenses
§ 10-6-32. Owner’s Right to Sell Property Placed With Broker; Broker’s Right to Commissions
§ 10-6-33. Revocation of Agency — When and How Done; Damages for Unreasonable Revocation
§ 10-6-39. Liability of Principal for Injuries by Other Agents