Formation and characteristics of agency, Business Law and Ethics

Formation and Characteristics of Agency

An agency may come into existence by the following ways:

Contract (Appointment) or agreement

Further this can be done in any way: like orally and may in writing or partly whether orally and partly in writing also.

Characteristics of Agency are as below:

  1. The agent performs a service to the principal and one is
  2. He represents the principal and one is
  3. Acts of the agent affect the legal place of the principal also.


As there agent with authority for execute a deed on behalf of the principal be obliged to appointed through a deed recognised like; POWER OF ATTORNEY.

Posted Date: 1/22/2013 5:00:08 AM | Location : United States

Related Discussions:- Formation and characteristics of agency, Assignment Help, Ask Question on Formation and characteristics of agency, Get Answer, Expert's Help, Formation and characteristics of agency Discussions

Write discussion on Formation and characteristics of agency
Your posts are moderated
Related Questions

1. Tort reform refers to proposed changes in the civil system that would reduce tort litigation or damages. Proposals include, among other things,putting a cap on the amount a plai

Negotiable Instruments - Law of Contract However past services may constitute valuable consideration to a bill of exchange under by s.27 of the Bills of Exchange Act that prov

Nuclear law The importance of international law relating to nuclear law lies in the fact that it regulates, conducts and prohibits the use of nuclear weapons. The United Nation

Determine the term Uncertainty - Policy process We know that uncertainty is one of main influencing factor in policy process and especially in coordination of economic policies

The Doctrine of 'Ultra Vires':                          The doctrine of ultra vires is a legal rule that was articulated by the House of Lords in the case of Ashbury Rail, Car

Q. Statutory task force on phoenix activity? A long term option could be the establishment of a statutory task force on phoenix activity. This could be supported by all the rel

Name the Types of  state  immunity The state  immunity  is  categorized  into  two:  A) Absolute  immunity   B) Restrictive immunity.

Companys Constitution: The constitution of a registered company consists of two  documents, namely, the memorandum of association and the articles of association. The contents

Companys objects: A company's objects are stated pursuant to the provisions of an Act of Parliament. It must therefore be deduced, for example, that a company whose object has