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7 U.S.C. § 499p — Liability of licensees for acts and omissions of agents

submitted 96 years ago by ch. 436 to r/title-7-AGRICULTURE · 67 words · no verdicts yet

in plain englishAI-generated · not legal advice

Under this law, a licensee is responsible for what its agents and employees do or fail to do. This applies as long as the agent or employee was acting within their job.

This section is one rule about a licensee's responsibility for its agents. When interpreting and enforcing this chapter, any act, omission, or failure by an agent, officer, or other person acting for or employed by a commission merchant, dealer, or broker — as long as it happens within the scope of that person's job or role — counts, in every case, as the act, omission, or failure of the commission merchant, dealer, or broker itself, the same as if it were the agent's, officer's, or other person's own act.
the actual law source: uscode.house.gov ↗public domain

In construing and enforcing the provisions of this chapter, the act, omission, or failure of any agent, officer, or other person acting for or employed by any commission merchant, dealer, or broker, within the scope of his employment or office, shall in every case be deemed the act, omission, or failure of such commission merchant, dealer, or broker as that of such agent, officer, or other person.

Source credit: (June 10, 1930, ch. 436, § 16, 46 Stat. 538.)

history & why it existsrecord from the source credit
  • 1930Enacted · Act of June 10, 1930, ch. 436 · 46 Stat. 538

A history note hasn’t been published yet. The record shows enactment by ch. 436 on 1930-06-10.

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