• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Home
  • Articles
  • Linguistics
  • ENGLISH Literature
  • Bussiness communication
  • Anatomy and Physiology
  • Medical Notes
  • Anatomy

Notes Read

Clear Answers About What Is,What Are

February 9, 2019

What Is The Meaning Of Agency In Philosophy And Law

Agency is the relationship between two or more persons by which one (the principal) consents that the other (the agent) or others shall act on his behalf. The law distinguishes between kinds of agents and kinds Of principals. A general agent is a person authorized to conduct a series Of transactions with continuity of service; a special agent is one authorized to conduct a single transaction; an apparent agent is a person who, although not really authorized to act as an agent for another, seems to third persons to have that authority: a subagent is a person employed by an agent to assist him in conducting the affairs of his principal.

A principal may be disclosed, partially disclosed or undisclosed. A disclosed principal exists in a transaction when the third party is notified of the identity of the principal for whom the agent is acting; a patially disclosed principal exists when the third party is notified that an agent may be acting for a principal but without identifying the principal; an undisclosed principal exists when the third party is not informed that the agent is acting for a principal.

The law also distinguishes between agents and Servants and agents and independent contractors, as well as trustees. A servant is a person employed to perform services for another. a master, who himself controls the conduct of these services. An independent contractor is a per- son who contracts with another to perform work but who is not con- trolled by the principal in the methods of performing it.

CREATION OF AN AGENCY.

There is no particular way in which an agency must be created; on the one hand, an agency may be created by an express formal contract, such as in conferring a power of attorney. It may be spelled out from the dealings of the principal and agent over a period of time. An agency also may be formed when the principal appoints the agent and the agent accepts the appointment. Although no writing is’ necessary to establish an agency, and verbal authorizations to an agent are generally good, the Statute of Frauds requires written authorizations to sell real estate or to enter into certain other types of contracts.

 

Last Updated On:Saturday, February 9, 2019

Related Posts via Taxonomies

  • What Is Easel;Types,Uses And 10 Valuable Tips
  • What Is Extradition;10 Facts You Must Know
  • What Is Wiretapping;5 Things About Wiretapping Laws You Must Know
  • What Is Andouillette;5 Things You Must Know Before Eating
  • What Is Angostura;Know 5 Things About Angostura Bitters
  • Aniseed Properties And Benefits For Health
  • What Is Antipasto;Know Step By Step Guide of Cooking Antipasto
  • What Is Apple Pie;How To Make Delicious Apple Pie?
  • What Is Arrowroot;15 Arrowroot Benefits For Skin, Hair And Health
  • 10 Quick Facts About Asparagus;You Must KNOW

Filed Under: Articles

The ear wax, also known as cerumen, is a pasty secretion staining from light yellow to dark brown.Ear wax is produced by sebaceous glands that are found in the ear canal of the outer ear. The sebaceous glands produce this acid-pH cerumen in order to protect the ears from dust. Excess wax from the ear can be…

[Read More...]

Alprazolam is the most prescribed active principle for treating anxiety states, panic attacks or intense stress. It is a highly effective psychotropic drug. Alprazolam is a tranquilizer medicine.Thus, this remedy treats symptoms such as anxiety, tension, fear,irritability, and insomnia.This compound belongs to the class of anxiolytics, which act on the central nervous system. Alprazolam may also be…

[Read More...]

Aceclofenac is is the active ingredient under the name of Proflam, which is a non-steroidal anti-inflammatory, analgesic for oral and topical use.Its acts on inflamed tissues. It is used for the relief of pain and inflammation in rheumatoid arthritis, osteoarthritis and ankylosing spondylitis. This medicine can also be found in pharmacies under the name Cecoflan. Indications for…

[Read More...]

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Categories

  • All Poems
  • Anatomy
  • Anatomy and Physiology
  • Anthropology Notes
  • Articles
  • Bussiness communication
  • College Essays
  • ENGLISH Literature
  • Great People
  • Introduction to Economics
  • Law Notes
  • Linguistics
  • Medical Notes
  • Political Science
  • Psychology Notes
  • Questions And Answers
  • Scholarship
  • Teaching
  • Viral News

DON’T MISS THESE!

What Is EarWax;3 Ways To Get Rid Of Ear Wax

What Is EarWax;3 Ways To Get Rid Of Ear Wax

Why Alprazolam Is A Remedy Of Anxiety And Better Sleep

Why Alprazolam Is A Remedy Of Anxiety And Better Sleep

What Is Aceclofenac (Proflam);Indication,Precautions And Uses

What Is Aceclofenac (Proflam);Indication,Precautions And Uses

What Is Amoxicillin and Clavulanate Potassium;5 Facts You Must Know

What Is Amoxicillin and Clavulanate Potassium;5 Facts You Must Know

What Is Amoxicillin;Indications,Side Effects And Uses.

What Is Amoxicillin;Indications,Side Effects And Uses.

Why Alginac Is Pain Relief Medicine;5 Things You Must Know

Why Alginac Is Pain Relief Medicine;5 Things You Must Know

What Is Easel;Types,Uses And 10 Valuable Tips

Easel

What Is Albocresil;Indications,Uses And Side Effects

What Is Albocresil;Indications,Uses And Side Effects

What Is The Meaning Of Agency In Philosophy And Law

What Is The Meaning Of Agency In Philosophy And Law

What Is An Alibi In Law;5 Facts You Should Know

What Is Extradition;10 Facts You Must Know

What Is Extradition;10 Facts You Must Know

What Is Wiretapping;5 Things About Wiretapping Laws You Must Know

What Is Wiretapping;5 Things About Wiretapping Laws You Must Know

What Is Long Arm Statute;What Does It Do?

What Is Andouillette;5 Things You Must Know Before Eating

What Is Andouillette;5 Things You Must Know Before Eating

Recent Posts

  • What Is EarWax;3 Ways To Get Rid Of Ear Wax
  • Why Alprazolam Is A Remedy Of Anxiety And Better Sleep
  • What Is Aceclofenac (Proflam);Indication,Precautions And Uses
  • What Is Amoxicillin and Clavulanate Potassium;5 Facts You Must Know
  • What Is Amoxicillin;Indications,Side Effects And Uses.

Copyright© 2019 · Brunch Pro Theme by Shay Bocks