CONTRACT BY AGENTS
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DOI:
https://doi.org/10.55662/Abstract
Sec 182 of the Indian Contract Act, 1872 defines “Agent” and “principal” -“An Agent is a person employed to do any act for another, or to represent another in dealings with third persons. The person for whom such act is done, or who is so represented, is called the principal.”
An agent is one who is:
- Employed by another (the principal);
- To do any act for that principal; or
- To represent him in dealing with third persons.
An agent is a person employed to do any act for another or to represent another in dealings with third persons.
“The Indian Contract Act of 1872 does not make any distinction between different classes of agents.”
“On one hand an agent may be appointed by the principal, it also includes an employment by any authority authorised by law to make the employment.”
There are different forms of Agents that is General Agent and Special Agent. A Special Agent is employed for a certain period of time and till the purpose of the employment is fulfilled. “A special agent has only authority to do some particular act for some special occasion or purpose which is not within the ordinary course of his business or profession.”
“A general agent has the full apparent authority due to his employment or position and the principal will be bound by his acts within that authority though he may have imposed special restrictive limits which are not known to the other contracting party. A special agent has no apparent authority beyond the limits of his appointment and the principal is not bound by his Acts in excess of those limits whether the other contracting party knows of them or not.”
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