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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.
6 Ιουν 2024 · Learn what law of agency is and how it governs the legal relationship between two parties in which one gives the authority to act on behalf of the other. Find out the difference between express and implied agency, the fiduciary duty of agents, and the liability of principals for agents' acts.
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, who is authorized to act on behalf of another (called the principal) to create legal relations with a third party. [1]
23 Απρ 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. Most organized human activity—and virtually all commercial activity—is carried on through agency.
19 Σεπ 2022 · Agency law is the legal relationship between a principal and an agent who acts on the principal's behalf. Learn about the types, creation, duties, and liabilities of agency law with examples and legal terms.
THE ESSENTIAL ROLES OF AGENCY LAW. Gabriel Rauterberg* This Article suggests a fundamental shift in how we think about agency. The essential function of agency law lies not only in enabling the delegation of au-thority, as is widely suggested, but as significantly in its effect on creditors’ rights through asset partitioning.
Agency law is the common law doctrine controlling relationships between agents and principals. Learn about the types of authority, apparent authority, vicarious liability, and the difference between frolic and detour.
