Business Regulatory Framework

14 Agency

After carefully reading this chapter, you will be able:

To understand the Concept of Agency and the various types of agents.
To describe the various ways of creating an agency.
To get a clear idea about, who can be an agent and who can appoint an agent.
To explain, what happens when an agent exceeds his authority.
To enumerate, the rights and duties of the agent and the principal.
To identify the cases, where the agent becomes personally liable.
To distinguish between a sub-agent and a co-agent.
To explain the meaning of pretended agent and an agent having a undisclosed principal.
To identify the various ways of terminating an agency.

Sometimes, a person is unable to attend to all matters ...

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