Cases - Lloyd v Grace Smith & Co

Record details

Name
Lloyd v Grace Smith & Co
Date
[1912]
Citation
AC 716
Legislation
Keywords
Estate agency
Summary

The managing clerk of a firm of solicitors fraudulently induced a client to transfer 2 properties to him. The House of Lords held that, by allowing the managing clerk to deal with clients, the firm had given him ostensible authority to conduct certain types of business. Therefore the firm was liable for the fraud.