The contract of agency is defined as a contract where one person agrees to perform a service or act on behalf of another person with their consent and authorization. It requires the person, called the agent, to represent or act for the interests of the other person, called the principal. The principal must provide their consent for the agent to act on their behalf under the contract of agency.
The contract of agency is defined as a contract where one person agrees to perform a service or act on behalf of another person with their consent and authorization. It requires the person, called the agent, to represent or act for the interests of the other person, called the principal. The principal must provide their consent for the agent to act on their behalf under the contract of agency.
The contract of agency is defined as a contract where one person agrees to perform a service or act on behalf of another person with their consent and authorization. It requires the person, called the agent, to represent or act for the interests of the other person, called the principal. The principal must provide their consent for the agent to act on their behalf under the contract of agency.
The contract of agency is defined as a contract where one person agrees to perform a service or act on behalf of another person with their consent and authorization. It requires the person, called the agent, to represent or act for the interests of the other person, called the principal. The principal must provide their consent for the agent to act on their behalf under the contract of agency.
Definition: According to Art. 1868, the contract of agency is a contract
whereby one person binds himself to render some service or to do something in representation or on behalf of another, with the onsent or authority of the latter.