| Agency (law) |
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You might also be interested to read the following eBooks: Adsence Websites - Instant Adsense. Make up to $5000 a month with our easy to use instant Adsense business. Launch A Biz. How to successfully launch your internet business! Proposals & Business Docs Made Easy. Create successful Proposals, Stunning White Papers with professional Templates, Checklist and Forms. Agency is an area of Commercial law dealing with a contractual or quasi-contractual tripartite set of relationships when an Agent is authorised to act on behalf of another (called the Principal) to create a legal relationship with a Third Party. This branch of law separates and regulates the relationships between:
The common law principle in operation is usually represented in the Latin phrase, qui facit per alium, facit per se, i.e. the one who acts through another, acts in his or her own interests and it is a parallel concept to vicarious liability and strict liability in which one person is held liable in Criminal Law or Tort for the acts or omissions of another.. |
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