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  2. agency, in law, the relationship that exists when one person or party (the principal) engages another (the agent) to act for him— e.g., to do his work, to sell his goods, to manage his business. The law of agency thus governs the legal relationship in which the agent deals with a third party on behalf of the principal.
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    What is the law of agency?The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party.
    What is agency in a relationship?What is Agency? The definition of agency involves the relationship and concept where one party can influence or has power over another party. It considers the two parties to have a relationship. The two parties in the relationship are known as the agent, who acts on behalf of the other party, which is known as the principal.
    What is agent law?Agency law allows an individual to employ another to acquire property, carry out work, and sell goods and services on his/her behalf. A principal can authorize the agent to carry out various functions or restrict the agent to the performance of specific functions.
    What is the difference between agency and agent?Whereas in common law ‘agency’ is a wide concept covering the law related to ‘authority’ and ‘power to bind’, the agent in, e.g. Scandinavian law is a particular kind of intermediary. In English law the concept of ‘agent’ may appear in different contexts: ‘commercial agent’, ‘general agent’, ‘del credere agent’, agent of necessity’.
     
  4. Agency | Definition, Law, Examples, Elements, Types, & Facts

     
  5. agency | Wex | US Law | LII / Legal Information Institute

  6. 14.1: Introduction to Agency and the Types of Agents

    WebApr 23, 2023 · Why Is Agency Law Important, and What Is an Agent? An agent is a person who acts in the name of and on behalf of another, having been given and assumed some degree of authority to do so. …

  7. What is law of agency? - FindLaw

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  18. authority | Wex | US Law | LII / Legal Information Institute

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