LAW OF AGENCY

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Welcome :

Welcome

Presentation is prepared by :

Presentation is prepared by Mizanur Rahman Abdullah all masum Irin sultana Salma Nasrin

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Dept. of Tourism and Hospitality Management Faculty of Business Studies University of Dhaka

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GYPSY

Law of Agency :

Law of Agency

We will cover ….. :

We will cover ….. 1 2 3 4 5 6 7

:

Agent

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The person for whom such act is done or who is so represented is called the principal. An agent may be appointed by the principal executing a written and stamped document. Such a document is called power of attorney.

Agent & Servant Differences……… :

Agent & Servant Differences………

Agent & Bailee Differences………… :

Agent & Bailee Differences…………

Method of creating agency :

Method of creating agency

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A contact of agency may be created by expressed agreement. The agreement may be either oral or written. An agency agreement may be implied under certain circumstances from the conduct of the parties or the relationship between them

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There are three possible cases of agency by estoppel: Agency by Implied agreement a b c

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Agency is created when the following conditions are fulfilled;

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Ratification means the subsequent adoption and acceptances of an act originally done without instruction or authority. Ratification may be expressed or implied.

Termination of Agency :

Termination of Agency

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The ways are… Efflux of time Performance of the object Determination of subject-matter Death or insanity of the principal or agent Insolvency of the principal The principal becoming an alien enemy Termination of the sub-agent’s authority