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GYPSY
001 S. M. MehediHasan 009 MizanurRahman 023 Abdullah all Masum 036 Irin Sultana  Salma Nasrin 057
Law of Agency
We will cover …..  1 2 3 4 5 6 7
Agent
The person for whom such act is done or who is so represented is called the principal. An agent may be appointed by the principal executing a written and stamped document.  Such a document is called power of attorney.
Agent & Servant Differences………
Irin Sultana  036
Agent &BaileeDifferences…………
Method of creating agency
Agency by express agreement  Agency by Implied agreement  A contact of agency may be created by expressed agreement. The agreement may be either oral or written. An agency agreement may be implied under certain circumstances from the conduct of the parties or the relationship between them
There are three possible cases of agency by estoppel: Agency by Implied agreement  Agency by estoppel or by holding out a b c
Agency is created when the following conditions are fulfilled; Agency of necessity
Ratification means the subsequent adoption and acceptances of an act originally done without instruction or authority. Ratification may be expressed or implied. Agency by ratification
Salma Nasrin 057
Termination of Agency
Termination by act of parties
The ways are… Efflux of time  Performance of the object Determination of subject-matter Death or insanity of the principal or agent Insolvency of the principal The principal becoming an alien enemy Termination of the sub-agent’s authority Termination by operation of law
Agent’s duties to principal
The duties  ,[object Object]
Skill and diligence required from agent
Agents duty to render accounts
Agents duty to communicate to principal
Agent not to deal on his own account
Principal to get benefit of agent’s dealings
Agents duty to pay sums received for

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