Agency relationship

business

Description

  • This question is asked by using more related personal examples.  
  • Discuss in detail how an agency relationship can be created?  Identify and describe the categories of authority by which an agency can bind a principal and a third party in contract.

Agency relationship is the main concept on which other business or other relationships are made,

such as partnerships, corporations, trusts, and the similar. There are four methods an agency

relationship can occur. Agency by deal, most agency relationships based on an express or

suggested deal, it can take way of an express written agreement.it can also be taken in the shape

of an oral deal or even suggested by management.


Related Questions in business category


Disclaimer
The ready solutions purchased from Library are already used solutions. Please do not submit them directly as it may lead to plagiarism. Once paid, the solution file download link will be sent to your provided email. Please either use them for learning purpose or re-write them in your own language. In case if you haven't get the email, do let us know via chat support.