Assertion: agency's agent | /r/HasProperty | liable
Facets:
value: to the third party
type: TRANSITIVE-OBJECT
value: for any losses
type: PURPOSE
value: to the principal
type: TRANSITIVE-OBJECT
value: financially
type: MANNER
Source sentences:
text: An agent who acts in his or her own interest violates the fiduciary duty and will be financially liable to the principal for any losses the principal incurs because of that breach of the fiduciary duty.
text: The agent can also be liable to the injured party, but because the principal may be better able financially to pay any judgment rendered against him or her (according to the "deep-pocket" theory), the principal is almost always sued in addition to the agent.
text: When the agency is undisclosed or partially disclosed, however, both the agent and the principal are liable.
text: Where the principal is not bound because the agent has no actual or apparent authority, the purported agent is liable to the third party for breach of the implied warranty of authority.