118 Ga. 433 | Ga. | 1903
Authority to borrow money is among the most dangerous powers which a principal can confer upon an agent. Whoever lends to one claiming the right to make or indorse negotiable paper in the name of another does so in the face of all.the danger
The stringent rules of agency are intended to protect a principal against unauthorized acts, but not to shield one who has in fact conferred such authority or ratified his conduct. Here the plaintiff denied that any authority had been given further than that implied in conferring the title “ cashier,” and the right to use the stamp above
Judgment affirmed.