ind that it was gone.
Should I be responsible for the loss? Certainly not, because I had
neither received nor expected to receive any reward for taking the
package to the store. Of course, if it could be shown that I was
unnecessarily negligent in carrying the parcel, the owner might be
justified in claiming damages.

One thing more may be added. If a bailee should be a scoundrel and
sell the thing left with him for safe-keeping and receive the money,
the true owner could, nevertheless, claim the thing wherever he could
find it. The owner would not get a good title. This rule of law
applies to everything except negotiable paper. A person who buys that
in good faith, honestly, not knowing that it was stolen, and pays
money, gets a good title. _This is the only exception to the above
rule in the law._

XIII. CONCERNING AGENTS

Very many persons act as agents for others. Much of the business of
modern times is carried on by persons of this class. All the managers
of corporations are agents of the railways, banks, manufacturing
companies, and the like. They are to be seen everywhere. Every
salesman is an agent. In short, _the larger part of the modern
commerce of the world is done by agents_.

AGENTS ARE OF TWO KINDS, SPECIAL AND GENERAL; and there are important
differences between the two. A GENERAL AGENT is a person who transacts
all the business of the person hiring or appointing him, called a
principal, or all his business of a particular kind. A principal might
have several general agents for the different kinds of business in
which he was engaged. Suppose he has a cotton-factory and a store and
a farm; he might have three general agents, each managing one of these
enterprises.

A general agent may be appointed in different ways. This may be done
by a written contract. Very often, however, no such contract is made,
and the person comes to act in a different way. A cashier of a bank,
for example, is a general agent to transact its business, but the mode
of appointing him rarely consists of anything more than a resolution
of the board of directors. More often than otherwise his appointment
is purely verbal, by word of mouth. And, again, the authority of an
agent thus to act is often found out by his acts, known and approved
by his principal, or in other ways. Suppose that A should manage B's
store for him, buying and selling merchandise with A's knowledge; by
thus putting him before the world as B's agent the la