Agency.txt

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Author:
iamjayjoshu
ID:
162660
Filename:
Agency.txt
Updated:
2012-07-16 10:56:59
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Busines LAw
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  1. The receipt thereof by the agent, in addition to the ordinary commision, will make the agent bear the risks of collection
    del credere commision
  2. The person who gives authority to another to perform a certain act in the former's behalf
    principal
  3. It comprises all the business of the principal
    general agency
  4. The nature of the relationship of the principal and the agent, which is founded on trust and confidence
    fiduciary
  5. This refers to the act of the principal of terminating the agency at will
    revocation
  6. He serves as intermediary between his principal and the buyer or seller and has no relation to the property subject matter of the transaction
    broker
  7. A contract whereby a person binds himself to render some service or to do something in representation or in behalf of another, with the consent ad authority of the latter
    agency
  8. A person appointed by the agent to perform the tasks entrusted to him by the principal
    substitute
  9. This refers to the submission of the controversy to a third person for decision and which will require a special power of attorney when made by an agent in be half of his principal
    arbitration
  10. A contract whereby the parties agree to make reciprocal concessions to avoid or end a litigation, and the performance of which by an agent will require a special power of attorney from the principal
    compromise
  11. A mode of extinguishment of an agency when the agent terminates the agency by giving notice of such termination to the principal
    withdrawal
  12. A person who performs a service or does something in representation or in behalf of another with the latter's consent and authority
    agent
  13. A penalty which deprives a person of the right to manage or dispose his property and which will cause the extinguishment of an agency if imposed upon the principal ir the agent
    civil interdiction
  14. The authority required when the act to be performed by an agent is an act of ownership or strict dominion, a gratuitous act, or an act where trust and confidence is the essence of the agreement
    special power of attorney
  15. They refer to the orders givn by the principal to his agent relating to the manner by which the agency shall be carried out
    instructions
  16. An agency that is inferred from the acts of the principal or form his silence or inaction, or from his failure to repudiate the agency knowing that another person is acting in his be half without authority
    implied agency
  17. The authority given by the principal to his agent when the act to be performed is an act of administration
    general power of attorney
  18. An agency that is entered into orally or in writing
    express agency
  19. An agency that comprises one or more specific transactions
    special agency
  20. A person who buys and sells goods consigned or delivered to him by his principal, for a compensation known as commission
    commission agent
  21. The receipt thereof by the agent in addition to the ordinary commission will make the agent bear the risks of collection
    del credere commission
  22. A penalty which deprives a person of the right to manage or dispose his property and which will cause the extingishment of an agency if imposed upon the principal or the agent
    Civil Interdiction
  23. A contract whereby the parties agree to make reciprocal concessions to avoid or end a litigation and the performance of which by an agent will require a special power of attorney from the principal
    compromise
  24. This refers to the submission of the controversy to a third person for decision and which will rewuire a special power of attorney when made by an agent in behalf of his principal
    arbitration
  25. This refers to the act of the principal of terminating the agency at will
    revocation
  26. A mode of extinguishment of an agency when the agent terminates the agency by giving notice of such termination to the principal
    withdrawal

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