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    Contract of Agency

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    ba delle
    agen

    Copyright:

    © All Rights Reserved

    Contract of Agency

    Uploaded by

    ba delle
    13 views1 page
    agen

    Copyright

    © © All Rights Reserved

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    agen

    Copyright:

    © All Rights Reserved
    13 views1 page

    Contract of Agency

    Uploaded by

    ba delle
    agen

    Copyright:

    © All Rights Reserved
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    Contract of Agency

     By the contract of agency, a person binds himself to render some service or to do something in
    representation on behalf of another, with the consent or authority of the latter.
     Consent of both the principal and agent is necessary to create an agency.
     The principal must intend that the agent shall act for him; the agent must intend to accept the
    authority and act on it, and the intention of the parties must find expression either in words or
    conduct between them. (There must be intention to appoint, and intention to accept)

     Acceptance by the agent may be expresses, or implied from his acts which carry out the agency,
    or from his silence or inaction according to the circumstances.

     When a sale of a piece of land or any portion thereof is through an agent, the authority of the
    latter shall be in writing, otherwise, the sale is void.

    Agency coupled with interest

     It is the agency that cannot be revoked or withdrawn by the principal due to an interest of a third
    party that depends upon it, or the mutual interest of both principal and agent.

    DISTINGUISH

    Agency from sale

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