Agent: Difference between revisions

444 bytes added ,  21 September 2016
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A source of far more angst than you would expect amongst the professional classes. An {{tag|agent}} is a fellow who represents another. when it comes to entering a {{tag|contract}}, an {{tag|agent}} enters legal relations on behalf of {{sex|his}} {{tag|principal}}, and does not take on any legal responsibility {{sex|himself}}.
A source of far more angst than you would expect amongst the professional classes. An {{tag|agent}} is one fellow who represents ''another'' fellow. When it comes to entering a {{tag|contract}}, an {{tag|agent}} enters legal relations on behalf of {{sex|his}} {{tag|principal}}, and does not take on any legal responsibility {{sex|himself}}. These seems straightforward enough, but you soon encounter a thicket of confusion from which you may never emerge and into which you will almost certainly regret ever entering.
 
An agent must, of course, be duly [[capacity and authority|authorised]] by the principal, but how will the contracting counterpart know this, without the principal being there to confirm it? An agent has a special relationship with a {{tag|principal}}


===[[Broker dealer]]s===
===[[Broker dealer]]s===