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What is the law of agency?

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Answer:

The law of agency is the body of law that addresses the rights, duties, and related obligations arising from a principal-agent relationship, i.e., when one person acts on behalf of another. For example, a real estate agent has the authority to offer property on behalf of the owner, or an attorney has the authority to represent the client and, in some cases, bind the client. Agency relationships are very common.

First answer by ID1193557620. Last edit by ID1193557620. Question popularity: 2 [recommend question].

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