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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. Health Care Directive or Health Care Power of Attorney
November 19, 2009

What is a Health Care Directive? A health care directive is a written document that informs other of your wishes about your health care. It allows you to name a person ("agent") to decide for you if you are unable to decide. It also allows you to name an agent if you want someone else to decide for you. You must be at least 18 years old to make a health care directive. Why Have a Health Care Directive? A health care directive is important if your attending physician determines you can't communicate your health care choices (because of physical or mental incapacity). It is also importan... (read more)

Author: Swapna Manikssys

2. Buyers should have their own REALTOR® when shopping for a house or condo
November 16, 2009

Home Buyers can now be represented by their own Agent! In early days of Real Estate, whenever a home owner 'listed' a home, ALL Realtors worked for that home-owner.   By the nature of the listing agreement, any agent who 'showed' the house, was technically employed by the home-owner.  This caused a few problems, for example:  There is a thing in law called 'vicarious liability'.  In short, any statement made by ANY agent representing the homeowner are deemed to have been made with that home-owners consent.  This often occurred even when the agent never met the owner.  Here is how that could wo... (read more)

Author: Bo Kauffmann

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

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