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

This has become a more difficult area as states are not consistent on the nature of a partnership. Some states opt for the partnership as no … 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 professional relationship, say, as lawyer See more

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, as long as … 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 … See more