Sec. 345. Agent Knowing Of Defect In Principal's Title Can Not Himself Acquire Title
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This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
Sec. 345. Agent Knowing Of Defect In Principal's Title Can Not Himself Acquire Title
If an agent discovers a defect in the title of his principal to land he can not misuse it to acquire title for himself, and, if he does, will be held as a trustee of the title for his principal. Bingo v. Binns, 10 Pet. (U. S.) 269; Gardner v. Ogden, 22 N. Y. 327; McMahon v. McGrow, 26 Wis. 614; Rogers v. Lock-ett, 28 Ark. 290. See also Sec. 294.
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