commercial 6 - agency agreements
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7 Terms
who are three parties to agency relationship
principal
agent
authority to act on their behalf
Is there a contractual relationship between the agent and buyer
no
actual authority
where the principle has expressly agreed to give the agent authority to do specific things
implied actual authority
to do acts which are incidental to the performance of their duties
apparent authority
principal has given distinct but false impression agent had authority to enter into the contract
protections for principal against poor performance by an agent
minimum sales target
covenants as to performance
what can the principal do if someone purports to act as agent but without authority
ratify the unauthorised acts of the agent