Law · Law of Contract
What is the core essence of a contract of agency?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None of the above
- 2The agent's independent authority and status of dealing with the trade.
- 3The agent's power and ownership title to the property that is being dealt with.
- 4The agent's representative capacity coupled with a power to affect the legal relations of the principal with third persons.✓
Correct answer
The agent's representative capacity coupled with a power to affect the legal relations of the principal with third persons.
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