Brief Statement of Legal Principles
There are three broad classes of agent
- Universal agents hold broad authority to act on behalf of the principal, e.g. they may hold a power of attorney (also known as a mandate in civil law jurisdictions) or have a professional relationship, say, as lawyer and client.
- General agents hold a more limited authority to conduct a series of transactions over a continuous period of time; and
- Special agents are authorized to conduct either only a single transaction or a specified series of transactions over a limited period of time.
Read more about this topic: Law Of Agency
Famous quotes containing the words statement, legal and/or principles:
“Eroticism has its own moral justification because it says that pleasure is enough for me; it is a statement of the individual’s sovereignty.”
—Mario Vargas Llosa (b. 1936)
“No oppression is so heavy or lasting as that which is inflicted by the perversion and exorbitance of legal authority.”
—Joseph Addison (1672–1719)
“It is a life-and-death conflict between all those grand, universal, man-respecting principles which we call by the comprehensive term democracy, and all those partial, person-respecting, class-favoring elements which we group together under that silver-slippered word aristocracy. If this war does not mean that, it means nothing.”
—Antoinette Brown Blackwell (1825–1921)