AGENCY
According to sec 182 of indian contracts act 1872 An agent is a person employed to do any act for another or to represent another in dealings with a third persons. The person for whom such act is done or who is so represented is called the principle.
(ek agent ko tab hire karte hai jab kisi third party ke bande se dealing karni ho. agent hamari taraf se usse baat karega)
There are two types of agents
1-Sub agents- A sub agent is a person employed by the acting under the control of the original agents in the business. for example A appointed B to do some work. B appoints C to do some part of it , B is A sub agent.
isme har kaam mai agent hi fasega agar usne galat kiya toh. koi agent ka appoint kiya hue ka koi haath ni hota
the definition is given in Sec 191 in indian contracts act.
2-Substitued agents- a part of a business of agency intrusted a new person is a substitued agent.
(isme agent ko jo bhi kaam dia hota hai us kaam ka chota sa hissa agent kisi aur ko dede vo substitued agent kehlata hai. Agar koi bhi galti hui toh main agent fasega)
the definition is given under section 194 of the acts
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An agency comes to end by these two ways
Termination by act
by mutual agreement between agent and principle
By operation of law
by expiry of the period of the agency or by completion of the business of agency
According to sec 182 of indian contracts act 1872 An agent is a person employed to do any act for another or to represent another in dealings with a third persons. The person for whom such act is done or who is so represented is called the principle.
(ek agent ko tab hire karte hai jab kisi third party ke bande se dealing karni ho. agent hamari taraf se usse baat karega)
There are two types of agents
1-Sub agents- A sub agent is a person employed by the acting under the control of the original agents in the business. for example A appointed B to do some work. B appoints C to do some part of it , B is A sub agent.
isme har kaam mai agent hi fasega agar usne galat kiya toh. koi agent ka appoint kiya hue ka koi haath ni hota
the definition is given in Sec 191 in indian contracts act.
2-Substitued agents- a part of a business of agency intrusted a new person is a substitued agent.
(isme agent ko jo bhi kaam dia hota hai us kaam ka chota sa hissa agent kisi aur ko dede vo substitued agent kehlata hai. Agar koi bhi galti hui toh main agent fasega)
the definition is given under section 194 of the acts
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An agency comes to end by these two ways
Termination by act
by mutual agreement between agent and principle
By operation of law
by expiry of the period of the agency or by completion of the business of agency
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