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SS 3 Commerce (1st, 2nd & 3rd Term) Commerce

AGENCY | METHODS, DUTIES, PRINCIPLES, PARTIES, AGENTS

What is an agency? An agency is a relationship which arises whenever one person (the agent) acts on behalf of another person (the principal) and has the power to affect the principal’s legal position with regard to a third party. In practice, the two most important functions of an agent are: Making contracts on his […]

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Commerce

AGENCY

AGENCY   Agency is the relationship which arises whenever one person (the agent) acts on behalf of another person (the principal) and has power to affect the principal’s legal position with regard to a third party. In practice, the two most important function of an agent are: Making contracts on his principal’s behalf Disposing of his […]

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