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Wednesday 17 March 2010

Principal and Agent

Agents is a person employed to do an act for another or to represent another in dealing with third parties".

The Person for whom such act is done or who is so represented is called "Principal"

Any one who is of the age of majority, according to the law to which he is subject, and who is of a sound mind may employ an agent, where minor appoints an agent the latter is personally liable.

Any person may be an agent, because it is the principle who is bound by agent's acts. It is for the principal to see his interest and to appoint those person as agent who have contractual capacity.


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