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Search Results - Agent (law)

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An Agent in Commercial Law is a person who is authorised to act on behalf of another (called the Principal or client) to create a legal relationship with a Third Party.[1] Agency law deals with the tripartite relationship between

There are three broad classes of Agent

For these purposes, the Principal must give, or be deemed to give, the Agent authority to act.

Even if the Agent does act without authority, the Principal may ratify the transaction and accept liability on the transactions as negotiated. This may be express or implied from the Principal's behaviour, e.g. if the Agent has purported to act in a number of situations and the Principal has knowingly acquiesced, the failure to notify all concerned of the Agent's lack of authority is an implied ratification to those transactions and an implied grant of authority for future transactions of a similar nature.

Showing 1 to 8 of 8 Articles matching 'Agent (law)' in related articles.
Pages: 1

1. Horing a Long Island Real Estate Law Firm
October 29, 2009

"The most obvious reason for hiring a Long Island real estate attorney when you already have a real estate agent/broker is that the latter is not an attorney! Not only can a real estate attorney interpret the considerable amount of perplexing legal documents that have been thrust into a buyer's or seller's hands at closing, but an attorney is also the only one who has the strictest duty of loyalty to your interests and no one else's. An agent or broker is important to the transaction in order to help you find the right house or the right buyer for your house. An agent or broker may have m... (read more)

Author: Peter Roach

2. When Your Real Estate Agent Gives Legal Advice
October 29, 2009

Real estate agents are in the game of buying and selling homes. At their core, they are sales people and rightly so. Given this fact, you need to be very leery of any real estate agent that offers legal advice. Why? They haven’t got a clue and are potentially breaking the law. You go to view a home and notice the owner has done a lot of custom work. You love it. The home is unique and amazingly so. You put in an offer through your real estate agent. After some haggling, a deal is reached. Escrow gets underway and then a problem arises. The appraiser notes the home has more square footage ... (read more)

Author: Raynor James

3. Fabulous and Official Looking Adult and Children's Police Costumes
October 21, 2009

We've got a fresh batch of police costumes for adults and children! These costumes can turn you into an FBI agent, CSI, and even a drop dead sexy law enforcement officer. Don't worry about whether or not these costumes will fit, because we've made sure to find costumes to fit tall and broad body shapes. Get ready to catch the bad guys in a tribute to our law enforcement officers! If you've watched the hilarious Reno 911 series, then surely you have laughed yourself to life at the comedy series. This Adult Deluxe Lt. Dangle Costume is officially licenced Reno 911 costume and will garner la... (read more)

Author: Mithran Balakrishnan

4. How To Get The Best Car Insurance Estimate
October 08, 2009

Every state has financial responsibility law. That means that you must either have liability insurance or prove that you are financially able to pay for damage that you cause in an accident. One of the best ways to save money is to get several insurance companies to give you a car insurance estimate or quote before purchasing any insurance. You can get car insurance estimates in several ways. One would be to walk into a car insurance agent's office and ask for a quote. This is probably the worst way to get car insurance quotes. It is difficult to say, "I will check back with you" when you... (read more)

Author: Andy Z

5. Fabulous and Official Looking Adult and Children's Police Costumes
October 05, 2009

We've got a fresh batch of police costumes for adults and children! These costumes can turn you into an FBI agent, CSI, and even a drop dead sexy law enforcement officer. Don't worry about whether or not these costumes will fit, because we've made sure to find costumes to fit tall and broad body shapes. Get ready to catch the bad guys in a tribute to our law enforcement officers! If you've watched the hilarious Reno 911 series, then surely you have laughed yourself to life at the comedy series. This Adult Deluxe Lt. Dangle Costume is officially licenced Reno 911 costume and will garner la... (read more)

Author: Joyce Amerson

6. One Method The IRS Uses To Discover Offshore Activities
October 01, 2009

The IRS forecasts an annual tax gap of $400 billion dollars or so depending on the year. A good chunk of this missing tax revenue is believed to be in offshore accounts held by Americans, but not reported. The IRS has stepped up its pursuit of such accounts and methods for finding them. Going offshore is absolutely legal. There is no law that prohibits you from opening a bank account or investing in the Cayman Islands, Switzerland or some other exotic location. The key, however, is you must report any gains you make on such money and pay the appropriate taxes. This is where most people ge... (read more)

Author: Thomas Ajava

7. The Wisdom of Speaking With a Drug Possession Lawyer Right After Arrest
September 21, 2009

Should it befall upon you that you are arrested with drugs in your possession, you need the assistance of a drug possession lawyer immediately. Even though you might have the drugs in your possession at the time of your arrest, it does not mean you will a guilty judgment. Do not plead guilty or even make a statement until you have first consulted with your attorney. Consultation with a lawyer before the police or any other law enforcement agent can question you is your right as an American citizen. Do not give up this right. This is not to recommend interfering with the process, but rathe... (read more)

Author: Mark Sierra

8. SERVICE TAX ON FOREIGN COMMISSION AGENT
September 17, 2009

An interesting question was raised by one of the learned reader of the Service Tax Review dated 15.08.2007 . The question which was put forward was as follows , “Some of our members are exporting their products to different countries. There is a local agent in that country. Our members pay a settled commission to them. Do we require to pay service tax on such commission paid?” The STR replied the question in affirmative, saying that service tax is leviable on such amount. This author begs to differ. This paper is an attempt to clarify the position on the issue. The foreign agents provide se... (read more)

Author: Rajesh Kumar

Pages: 1


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