Agent and Principal Archives

Define ‘agent’ and ‘principal’. Can a minor be an agent? Discuss.

Define ‘Agent’ and ‘Principal’. Can a Minor Be an Agent? Discuss. Introduction The concept of agency is widely used in business, legal, and financial matters. It is a relationship where one person (agent) is authorized to act on behalf of another (principal). This relationship is governed by the Indian Contract Act, 1872, from Section 182 […]

Define ‘agent’ and ‘principal’. Can a minor be an agent? Discuss. Read More »

Define ‘agent’ and ‘principal’. Can a minor be an agent? Discuss.

Introduction The relationship between a principal and an agent forms the basis of agency law, governed under Chapter X (Sections 182–238) of the Indian Contract Act, 1872. An agent acts on behalf of the principal, creating a legal relationship with third parties. The law also addresses who can be an agent and whether a minor