17 CFR § 1.2 - Liability of principal for act of agent.

---
identifier: "/us/cfr/t17/s1.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 1.2 - Liability of principal for act of agent."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "1.2"
section_name: "Liability of principal for act of agent."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "1"
part_name: "GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1a, 2, 5, 6, 6a, 6b, 6c, 6d, 6e, 6f, 6g, 6h, 6i, 6k, 6l, 6m, 6n, 6o, 6p, 6r, 6s, 7, 7a-1, 7a-2, 7b, 7b-3, 8, 9, 10a, 12, 12a, 12c, 13a, 13a-1, 16, 16a, 19, 21, 23, and 24 (2012)."
regulatory_source: "41 FR 3194, Jan. 21, 1976, unless otherwise noted."
cfr_part: "1"
---


# 1.2 Liability of principal for act of agent.

The act, omission, or failure of any official, agent, or other person acting for any individual, association, partnership, corporation, or trust, within the scope of his employment or office, shall be deemed the act, omission, or failure of such individual, association, partnership, corporation, or trust as well as of such official, agent, or other person.