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Mar 19, 2020 · Learn the essentials, definition, and formalities of the contract of agency in India, where one person (the principal) authorizes another (the agent) to act on his behalf. The article also discusses the case of Eagle Iron Co. v. Baugh, where the declarations of an agent were used to establish authority.
- Ayush Verma
Jul 13, 2024 · A contract of agency is a two-party relationship in which one person acts as a representative to the other in business dealings in order to create contractual relations between that other and a third person. An agency may be created to perform any act that the creator of the agency himself could lawfully do. Table of Contents. Relevant Provisions:
Dec 25, 2020 · Learn about the concept, parties, types, and essential elements of contract of agency under Indian Contract Act, 1872. Find out how agency is created, what are the rights and duties of agents, and the distinction between agent and servant.
Oct 18, 2023 · Learn about the legal relationship of contract of agency, where one person appoints another to perform transactions on his behalf. Find out the legal provision, essentials, methods, classification, rights and duties of agent and principal under the Indian Contract Act, 1872.
Jan 7, 2024 · Learn what a contract of agency is, how it is created, and what rights and duties it involves. A contract of agency is a legal agreement between a principal and an agent who acts on their behalf in specific transactions or tasks.
- The primary duty of an agent is to act in the best interests of the principal. This duty includes maintaining confidentiality, avoiding conflicts o...
- In many cases, agency contracts can be created verbally and still be legally binding. However, for clarity and to avoid disputes, it's recommended...
- If an agent breaches their fiduciary duty, they may be liable for damages. The principal can take legal action against the agent to recover losses...
- Yes, a principal can appoint multiple agents, each with specific responsibilities or for different geographic regions. However, the roles and areas...
- Yes, the agent's authority is limited to the scope defined in the contract of agency. They can only perform actions and make decisions that fall wi...
Mar 26, 2019 · Learn about the definition, creation, types and authority of agents and principals under the Indian Contract Act, 1872. Find out the cases, illustrations and exceptions related to agency law in India.
Learn about the definition, features, modes of creation and determination of contract of agency under Indian Contract Act, 1872. See examples of cases that illustrate the concept of agency and its legal implications.
