Agency - Essay

Question: The relationship on between a primary(prenominal) and an Agent is entirely contr movementual one. But termination of such(prenominal) relationship without the knowledge of the agent may not give birth the act invalid which has been done after the recession of contract. Introduction part or Company is business or organization establish to provide a particular service, typically one that involves organizing proceedings between two. It is an association or collection of individual palpable persons and/or other companies, who each provide some engineer of capital. This group has a common purpose or contract and an aim of gaining profits. This collection, group or association of persons can be made to exist in law and then a company is itself considered a legal person. The name company arose because, at least originally, it represented or was owned by more than than one real or legal person. The Indian turn out Act 1872 sections 1-75 came into force on 1 September 1872. It applies to the firm of India except the state of Jammu and Kashmir. It is not a complete and thoroughgoing law on all types of contracts. A company runs by its employees or agents. It is very essential for a company to drive potential agents. The way agents take on responsibilities towards the company, similarly companies also have responsibility towards the Agents.

Because When the companies atomic number 18 making any contract harmonise to the contract Act 1872 to hire an agent ,that time they are ensuing their agents rights. The agent receives a management or a fee paid by the hint. The guests legal relationship is with the principal, so if things go wrong it is the principal who is liable to the customer. Under the contract Act 1872 any understanding is regarded as a contract when it is enforceable by law. An agent is a person employed to do any act for another or to represent another in relations with third persons. The person for whom the dealings are done is called champion(Contract Act 1892,sec 182). There is no necessity of... If you want to obtain a full essay, order it on our website: Ordercustompaper.com

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