The contract of any person or corporation who purports as agent of a nonexisting principal to bind such nonexisting principal only shall be void. Any other party to such contract who is misled thereby to his injury shall have a right of action for damages against such purported agent individually.
History. Code 1933, § 4-410, enacted by Ga. L. 1955, p. 346, § 1.
Structure Georgia Code
Article 4 - Rights and Liabilities of Agent as to Third Persons
§ 10-6-81. Recovery of Money Paid to or by Agent by Mistake
§ 10-6-82. Agent’s Right of Action on Principal’s Contracts
§ 10-6-83. Right of Action by Agent for Interference With Possession
§ 10-6-84. When Agent Exceeding Authority May Enforce Contract
§ 10-6-86. Liability of Person Signing Instrument as Agent or Fiduciary
§ 10-6-87. When Agent Responsible for Credit Given; Question for Jury
§ 10-6-88. When Public Agent Not Liable on Public Contract
§ 10-6-89. Contract for Nonexisting Principal Void; Right of Action Against Purported Agent