law_of_AgencyChapter3讲解.pptVIP

The basic theory The basic theory of the agency device is to enable a person, through the services of another, to broaden the scope of his activities and to receive the products of another’s efforts, paying such other for what he does but retaining for himself any net benefit resulting from the work performed. External Relationship Civil law countries rules Direct representation Indirect representation Common law countries rules Disclosed principal (named principal) Partially disclosed principal (unnamed principal) Undisclosed principal Unauthorized contracts Direct representation Definition