Business law
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Business law

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Business law Presentation Transcript

  • 1. Welcome
  • 2. GYPSY
  • 3. 001
    S. M. MehediHasan
    009
    MizanurRahman
    023
    Abdullah all Masum
    036
    Irin Sultana
    Salma Nasrin
    057
  • 4. Law of Agency
  • 5. We will cover …..
    1
    2
    3
    4
    5
    6
    7
  • 6. Agent
  • 7. 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.
  • 8.
  • 9. Agent & Servant Differences………
  • 10.
  • 11. Irin Sultana
    036
  • 12. Agent &BaileeDifferences…………
  • 13. Method of creating agency
  • 14. 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
  • 15. There are three possible cases of agency by estoppel:
    Agency by Implied agreement
    Agency by estoppel or by holding out
    a
    b
    c
  • 16. Agency is created when the following conditions are fulfilled;
    Agency of necessity
  • 17. 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
  • 18. Salma Nasrin
    057
  • 19. Termination of Agency
  • 20.
  • 21. Termination by act of parties
  • 22. 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
  • 23. Agent’s duties to principal
  • 24. The duties
    • Agents duty in conducting principals business
    • 25. Skill and diligence required from agent
    • 26. Agents duty to render accounts
    • 27. Agents duty to communicate to principal
    • 28. Agent not to deal on his own account
    • 29. Principal to get benefit of agent’s dealings
    • 30. Agents duty to pay sums received for
    • 31. Principals
    • 32. Principals death or insanity
    • 33. Miscellaneous
  • MizanurRahman
    009
  • 34. Principal’s duties to agent
  • 35.
  • 36. Agents rights
  • 37. Agent’s Right
  • 38. Thanks