| Commentary

45.3 Existence of agency etc

| Commentary

45.3 Existence of agency etc

Agency is the relationship which arises whenever one person (the agent) has authority, express or implied, to act on behalf on another (the principal) and consents so to act. An agent primarily means a person employed to place the principal in contractual or other relations with a third party. Some agents have authority to sign contracts on their principal’s behalf. However, the term ‘agent’ is also used in a broader sense: certain types of commercial agent merely introduce customers to the principal rather than making specific contractual commitments1.

In certain types of personal agreement it is

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