Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Discuss the various modes of creating an agency?

Tags: travel, advertising & marketing, news & events
Asked by ashokkumar, 17 Jan '10 11:17 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering     Map Successfully AddedAdd Map
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (1)

1.

Methods are as follows....
1- Agency by consent
Consent may be express or implied. An agency can be expressly created either orally or in writing. There is
only one exception to this, which is that if the agent is to execute a deed on the principal's behalf (for
example a conveyance of land or a lease exceeding three years) then the agency must be created by deed.
Essentially this means that the agent is given a power of attorney.

2-Agency by estoppel (or 'holding out')
Agency by estoppel arises by operation of law and is no less effective than an agency expressly created. It arises
` When the words or conduct of the principal give to a third party the impression that the ...more
Answered by AshokKumar CH, 20 Sep '12 06:04 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining