notes about The Law of Agency

1. THE CONTRACT OF AGENCY
Mohammed Irshad P

2. WHO IS AN AGENT?
 A person who has authority to enter into
contracts on behalf of another
 That ‘other’ is the principal
 They will attempt to bind a third party

3. AGENTS’ POWERS
 To enter into a binding contract with a third
party
 To buy goods
 To hire
 To sell goods or property
 To agree contractual terms

4. AUTHORITY OF THE AGENT
1. Express authority
2. Implied actual authority
3. Apparent authority
4. By necessity
5. Usual authority
6. By ratification