2. ‘The law which super adds the liability of an
agent dose not direct from the liability of the
principle’
Presenting By
Name ID
Md Rafet Hassan 2016110000083
Mohammad Sahidul Islam 2015110000126
Jahid Al Mamun 2015210000090
Md Tuhinur Islam 2015110000127
Abdullah Al Mamun 2016110000008
3.
4. What is agent?
Party that has express or implied authority
to act for another so as to bring the
principal into contractual relationships with
other parties.
5. A principal can have a couple of meanings and is the one used
more commonly in business documents. In one sense a principal
refers to a senior individual, the principal of a school or a principal in
a business
6. Any person who is of the age of majority
according to the law to which he is subject,
and who is of sound mind, may employ an
agent.
Who may employ an agent?
7. As between the principal and third persons, any person may become an
agent, but no person who is not of the age of majority and sound mind can
become an agent, so as to be responsible to the principal according to the
provisions in that behalf herein contained.
Who may be an agent?
8. Kinds of agents
• General Agent
• Special Agent
• Universal agent
• Sub-Agent
10. Rights of Agents
• Right of Retainer
• Right of stoppage in transit
• Right to claim Remuneration
• Right of Indemnity
• Right of lien
11. 1. Duty to follow principal’s directions or customs
2. Duty to carry out the work with reasonable skill and diligence
3. Duty to Render Accounts
4. Duty to communicate
Duties of Agents
12. 5. Duty not to deal on his own account
6. Duty not to make any profit out of his agency except his
remuneration
7. Duty on termination of agency by principal’s death or
insanity
8. Duty not to delegate authority
Duties of Agents
13. 1. Terms of contract of agency may create personal liability to agent.
2. The tradition which is in operation in that particular type of business.
May also create personal liability to agent.
3. If agent does not behave in his capacity as agent and thus runs the
transaction in his own way, personal liability arises.
4. When agent acts for foreign principal, agent is personally liable.
Liabilities of Agents
14. 5. Pretending agent is personally liable.
6. When agent acts for principal who has not come
into existence, agent is personally liable.
7. In case where principal cannot be sued,
Customer sues agent and thus agent is personally liable.
8. When agency is coupled with interest then also
agent is personally liable.
Liabilities of Agents
15. You should have a much better understanding
about how agency law operates, and keep in
mind that the tenants of agency law mentioned in
this article apply generally to all types of agency
relationships.
Conclusion
