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Bases For Master's Liability And For Principal's Liability To Third Persons, Merton Ferson
Bases For Master's Liability And For Principal's Liability To Third Persons, Merton Ferson
Vanderbilt Law Review
The law with regard to principal and agent grew up as part and parcel of the law of contracts. The law with regard to master and servant grew up as part and parcel of the law of torts. Each one takes its origin far back in the history of the common law.
Agents were used in an early day to effect livery of seisin, to create covenants, and to carry on commercial transactions. The terms "principal" and "agent" may be of modern origin. But the power of one person to bind another in legal transactions was familiar in the days …