28-10-601. Accrual of rights and liabilities to principal. An agent represents the agent's principal for all purposes within the scope of the agent's actual or ostensible authority, and all the rights and liabilities that would accrue to the agent from transactions within that limit, if the transactions had been entered into on the agent's own account, accrue to the principal.
History: En. Sec. 3110, Civ. C. 1895; re-en. Sec. 5442, Rev. C. 1907; re-en. Sec. 7957, R.C.M. 1921; Cal. Civ. C. Sec. 2330; Field Civ. C. Sec. 1245; re-en. Sec. 7957, R.C.M. 1935; R.C.M. 1947, 2-201; amd. Sec. 805, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 28. Contracts and Other Obligations
Part 6. Rights and Liabilities of Principal
28-10-601. Accrual of rights and liabilities to principal
28-10-602. Principal's responsibility for agent's negligence, omissions, and wrongs
28-10-603. When instrument binds principal
28-10-604. When notice to principal or agent is notice to the other
28-10-605. Extent to which principal bound when agent exceeds authority
28-10-606. Extent to which principal bound by acts under ostensible authority
28-10-607. When principal bound by incomplete execution of authority
28-10-608. Rights of person who deals with agent without knowledge of agency
28-10-609. Principal's liability when agent given exclusive credit