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Conditions Necessary for a Valid Ratification of the Acts of an Agent

An agency relationship has a tripartite structure. It involves the principal, the agent and a third party. The agent acts on behalf of the principal in relation to the third party. Consequently, an agent is said to be a conduit

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Law of Agency: Scope of an Agent’s Authority

No doubt the proliferation and expansion of businesses today have had a positive impact on the business relationships of the principal, agent and third parties. As a result of advancement in technology and communication, an individual can have businesses of

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Agency Relationship involving a Foreign Principal, a Local Agent and a Third Party

It is challenging to clearly understand agency relationships where the principal is in a foreign jurisdiction but having a local agent who contracts on his behalf with third parties. This occasions some exceptional situation in the agency relationship. Law of

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Commercial Transactions and Fiduciary Relationships

Generally, in commercial transactions, there is no duty on contracting parties to disclose all material facts which will likely influence the other party in coming to a decision regarding the transaction so that the parties to the contract may be

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