The agent authorized to purchase goods, and being supplied with funds, would not have authority to buy on credit.34 But where the agent is instructed to purchase and has not been supplied with the cash to pay for same, he would have implied power to buy on credit,35 so where he is the general agent for the purpose of buying and selling, with discretionary powers, he may buy on credit, if that is the best way legally to subserve the interest of his principal. An agent may also take care of the matter of contracts, of fixing the price and terms, where his authority was general, and he may further do all other acts which are usual and proper for one to do, who has such a business in charge.36 But he must observe instructions in the matter of quality, and quantity of goods to be bought, or sold, and any other restrictions placed on him expressly. An agent cannot purchase of himself, as this would mean a conflict of his own interest with that of the principal's.

29 Edgerly vs. Cover, 106 Iowa, 670. 30 Kriested vs. Orange & A. R. Co.,

69 N. Y. 343. 31 Lake vs. Campbell, 18 I11., 106. 32 Baldwin vs. Garrett, I11 Ga., 876.

33 Alexander vs. Alexander, 2 Vis.

St., 644. 34 Adams vs. Boies, 24 Iowa, 96. 35 Sprague vs. Gillett, 9 Metc.

(Mass.), 91.