sole actor doctrine

sole actor doctrine
Under this doctrine a principal is charged with the knowledge of his agent. It contemplates that agent must have ostensibly endeavored to benefit his principal, and even though he did not do so and his acts were for his personal benefit, possibly through defalcation, the third party who obligated himself must have been under the impression that he was dealing with the principal. General American Life Ins. Co. v. Anderson, D.C.Ky., 46 F.Supp. 189, 195, 196, 198.
It is based on the presumption that by reason of the relationship between an agent and his principal the principal is presumed to have been told everything the agent has done and presumed to have known of his actions and promises. Federal Deposit Ins. Corporation v. Pendleton, D.C.Ky., 29 F.Supp. 779, 782, 783

Black's law dictionary. . 1990.

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