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2. (a) That's right. It is a rule that the principal's money and property must be kept separate from those of the agent, unless the principal authorises otherwise. This authority may be either express or implied from the circumstances but, without it, an agent is not permitted to pay a principal's money into the agent's own bank account. In the present case, there are no circumstances which suggest that B has either express or implied authority to do what she is doing.

Australia & New Zealand Bank Ltd v Ateliers de Constructions Electriques de Charleroi [1966] 1 NSWR 19.