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Title: Agency

Essay Details:

Subject: Social Issues
Author: Elma H
Date: September 10, 2015
Level: University
Grade: A
Length: 2 / 500

Essay text:

37). We can see in Armstrong v Jackson (1971) 2 K.B. 82, the principal asked a share broker to buy shares for him. In this situation, the share broker had some shares but he could not sell his shares since he is contacted as an agent for the principal, if he was willing to sell his shares, he would fail to do his liability as an agent. Also, in Hewson v Sydney Stock Exchange (1967) W.N. (NSW) 422, not only could the stock broker indulge in the business of a share trader but also could act as an agent for clients. There is a fundamental principle to give a permission for stock broker to enter the market and to trade not for clients but in competition with them, so that it would be compromised...

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