Description

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The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party. 1] Succinctly, it may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under their control and on their behalf. The agent is, thus, required to negotiate on behalf of the principal or bring them and third parties into contractual relationship. This branch of law separates and regulates the relationships between:

• agents and principals (internal relationship), known as the principal-agent relationship;
• agents and the third parties with whom they deal on their principals' behalf (external relationship); and
• principals and the third parties when the agents deal.

The definition of agency law deals with agent-principal relationship and it's a relationship where one party has the legal authority to act in place of another.

This book seek to enlighten and educate by clearly definition agency relationship as well as their liabilities. It seeks to aid student and academicians through project writing relating to commercial law and other research purposes.

The content thereof contains Some Nigerian cases and mostly international cases, hence, this book is not only useful for Nigerians, international students will also find it handy and useful.

The book can also be used by someone who needs the understanding of what agency relationship is about and how not to be ignorant of the law guiding it.