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Agent – Duty to principal. The Chancery Division allowed in part the claimant company's claim that the defendant, B, had made unauthorised payments into certain accounts in the course of managing investments and securities. The court held that B had not been authorised to make the payments, and had acted in breach of duty. He was liable to compensate the claimant for breach of the duty he owed to it as its agent.
Agent – Duty to principal. The Chancery Division allowed in part the claimant company's claim that the defendant, B, had made unauthorised payments into certain accounts in the course of managing investments and securities. The court held that B had not been authorised to make the payments, and had acted in breach of duty. He was liable to compensate the claimant for breach of the duty he owed to it as its agent.
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