Signed, sealed, delivered…I’m yours?
We all know that an agreement to purchase and sale is a binding legal document that, absent evidence to the contrary, signifies on its face that the parties identified as the buyer and seller are the parties to the bargain. However, in the case where one of those parties is acting as an agent on behalf of a third party, is it always necessary that the third-party buyer or seller, as the case may be, be named in the contract? Or do the words “in trust for” or “acting as agent for” have to be explicitly stated for the other party to seek to hold a third party to the agreement?
Read full article
|