Franz Farr v. George W. Newman, and Elbert C. Hardy

Summary

The Court affirmed the Appellate Division, holding that the purchaser Hardy is bound by his attorney's knowledge of the plaintiff's equitable interest despite the attorney also representing the grantors, because an agent's knowledge is imputed to the principal within the scope of authority. The dissent argued that the conflict of interest should preclude such imputation and would reverse the judgment.