The reciprocal rights and liabilities between a principal and an agent reflect commercial and legal realities. A business … See more

There are three broad classes of agent:
1. Universal agents hold broad authority to act on behalf of the principal, e.g. they may hold a power of attorney (also known as a mandate in civil law jurisdictions) or have a professiona… See more

An agent who acts within the scope of authority conferred by their principal binds the principal in the obligations they create against third parties. There are essentially three kinds of authority recognized in the law: actual … See more

If the agent has actual or apparent authority, the agent will not be liable for acts performed within the scope of such authority, as long as the relationship of the agency and the identity of the principal have been … See more

An agent owes the principal a number of duties. These include:
• a duty to undertake the task or tasks specified by the terms of the agency;
• a duty to discharge his duties with care and due diligence;… See more

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. Withdrawal … See more