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| Topic: |
Miscellaneous
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| Number of pages / Number of words: |
24 / 6645 |
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If the agent acts on behalf of the principal and within the authority they have been given there is a valid contract of sale. The agent must have the authority! If he acts outwith his authority, the agreement is not valid.
Examples: client and solicitor, client and stockbroker, client and estate agent...
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BECOMING AN AGENT
(1) Capacity
A contract of agency is no different to the law of contract and the same principals apply. The capacity of an agent and a principal is determined by the general law of contract: any adult aged 18 or over has full capacity, as does any properly constituted partnership, corporation, limited company etc...
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The agent and the principal
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