Agency law (business organisation)222 (turtorial 2.9)

Identify the bea or areas of law The area of law concerns this case, which in conjunction with the Agency, especially duties, rights and liabilities of an agent. Explain the principles of law Apparent or Ostensible Authority Where an agent is engaged to deal give away property, it will normally fall within the scope of the agents seeming(prenominal) strength to describe the nature and quality of the property that he/she is marketing on behalf of the header. Accordingly, if the agents representations are untrue, the vendor will be credible to the purchaser for the less suffered by the purchaser as a result of relying on the untrue representations: Aliotta v Broadmeadows autobus service Ltd (1988) A.T.P.R. 40 - 873. Right to Indemnity and Reimbursement Every agent is authorize to be indemnified against all freeinges and liabilities. At the same judgment of conviction they are also entitled to be reimbursed for all disbursement legitimately incurred whilst have goting out the instructions of the headland. It is important to consider the forge licitly in this context, because if the agent has acted outside the scope of his/her strength or engaged in an unlawful act, or suffered loss through and through his/her own negligence or default, whence the agent would suck in no claim for reimbursement.

financial obligation to Principal normally the agent incurs no liability against the headspring with regard to the contract. Where an agent, however, disobeys the instructions of the principal, such an agent will be likely for any loss suffered by the principal as a result of the bre ach of the agency agreement. Furthermore, wh! ere the agent does non carry out the instructions of the principal, the agent will be liable to make good the damage suffered by the principal as a consequence of the agents negligence: Mitor Investments Pty Ltd v General solidus Fire & Life Assurance... If you want to piddle a full essay, order it on our website: BestEssayCheap.com

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