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=== | ===[[Representation]]s and [[warranties]] by [[agent]]=== | ||
You might occasionally hear, from the counsel of an investment manager, a protest when you ask it to make representations on behalf of a principal. | You might occasionally hear, from the [[Mediocre lawyer|counsel]] of an [[investment manager]], a protest when you ask it to make [[Representations|representations]] on behalf of a {{tag|principal}}. | ||
“But I cannot,” she might say, “for I do not know if this is true unless the principal has told me it is true. I cannot assume personal liability for my principal’s obligations. I am but an agent.” | “But I cannot,” she might say, “for I do not know if this is true unless the principal has told me it is true. I cannot assume personal liability for my principal’s obligations. I am but an {{tag|agent}}.” | ||
You must answer this firmly, along the following lines: | You must answer this firmly, along the following lines: |