- Apparent authority — Usual authority — Nature of agency — Ratification — Termination of agency — Applicable law
This chapter discusses the authority and liability of agencies. Agents act on behalf of people taking part in modern commercial transactions. The general law of agency is still primarily governed by case law with the exception of India, Pakistan, and Malaysia. Special rules exist for the agency in commercial environments, especially for countries with distinctions between civil law and commercial code. The chapter explains how the law could establish authority and the intent of the principal. It also notes that an agent’s liability is dependent whether it is towards the principal or the third party.
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