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  1. Law of agency - Wikipedia

    • The reciprocal rights and liabilities between a principal and an agent reflect commercial and legal realities. A business owner often relies on an employee or another person to conduct a business. In the c… See more

    Brief Statement of Legal Principles

    There are three broad classes of agent:[citation needed] 1. Universal agents hold broad authority to act on behalf of the principal, e.g. they may hold a power of attorney (al… See more

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    Authority

    An agent who acts within the scope of authority conferred by their principal binds the … See more

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    Liability

    Liability of agent to third party
    If the agent has actual or apparent authority, the agent will not be liable for acts performed within the scope of such authority, a… See more

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    Duties

    An agent owes the principal a number of duties. These include: 1. a duty to undertake the task or tasks specified by the terms of the agency; 2. a duty to discharge his duties … See more

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    Termination

    The internal agency relationship may be dissolved by agreement. Under sections 201 to 210 of the Indian Contract Act 1872, an agency may come to an end in a variety of ways: 1. … See more

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  2. Agency law is the common law doctrine controlling relationships between agents and principals. A principal-agent relationship is created when the agent is given authority to act for the principal.
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  5. 45 What is the law of “agency”, and why does it matter?

    WebThe law of agency governs when one person acts for another with legal authority. This relationship comes with a large set of legal duties and responsibilities. We begin analysis of stakeholders in perhaps an …

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