Page:United States Statutes at Large Volume 47 Part 1.djvu/1293

 72c1 C ONGRESS. SESS. II. CH. 128. FE BRU ARY 27, j933. account of the same ; and is responsible therefor, if, after notice from the owner, he delivers it to his principal. CROSS REFEBENOE Compare with sections on deposit, see sections 705, 708, and 709. SEC. 1076. CODE PROVISIONS GOVERNING .-The provisions of this sub- ernCod provisions gov- chapter are subject to the provisions of sections 15 to 28. Ante, p 1125. D F7. RGATION OF AG ENCY Agent SEC. 1077. AGENT'S DELEGATION OF HIS POWERS:An agent, unless po 's deleg ation of wers. specially forbidden by his principal to do so, can delegate his powers to another person in any of the following cases, and in no others 1 . When the act to be done is purely mechanical ; 2 . When it is such as the agent can not himself, and the subagent can lawfully perform ; 3 . When it is the usage of the place to delegate such powers ; or 4. When such delegation ,is specially authorized by the principal. unauthorized em- SEC. 1078 . AGENTS UNAth IiORIZED EMPLOYMENT OF SUBAGENT .-If pIoyment o[ subagent an agent employs a subagent without authority, the former is a prin- cipal and the latter his agent, and the principal of the former has no connection with the latter. Cnoss BsnEn aw E As to liability of agent of an agent to principal, see section 878. Ante, p.1251. 1269 Ante, p.1227 . SEC. 1079 . SUBAGENT, RIGHTFULLY APPOINTED, REPRESENTS PRiNCI- Subagent right fuily appointed represents pAL.-A subagent, lawfully appointed, represents the principal in like prmeiiseL manner with the original agent ; and the original agent is not respon- sible to third persons for the acts of the subagent. TERMINATION OF AGENCY SEC. 1080. TERMINATION OF AGENCY :An agency is terminated, as o Termination of agen- to ever person having notice thereof, by- 1 . T he expiration of its term ; 2. The extinction of its subject ; 3. The death of the agent; 4. His renunciation of the agency ; or 5. The incapacity of the agent tq act as such. SEC. 1081 . SAME .-Unless the power of an agent is coupled with an interest in the subject of the agency, it is terminated, as to every p erson having not ice thereof, by- 1. Its revocation by the principal ; 2. His death ; or 3. His incapacity to contract. CHAPTER 52 .-FACTORS FA CTOR S. SEC. 1082. FACTOR, WHAT.-A factor is an agent, as defined by sec- an p io i2511 lion 879. SEC. 1083. ACTUAL AUTHORITY OF FACTOR .-In addition to the au- Actual authority. thority of agents in general, a factor has actuai authority from his principal, unless specially restricted 1 . T o insure property consigned to him uninsured ; 2. To sell, on credit, anything intrusted to him fur sale, except such things as it is contrary to usage to sell on credit but nut to pledge, mortgage, or b arter the same ; and