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115 Pages • Complete Study Notes • Year: Pre-2021 • Previously uploaded under: 200814 - Commercial Transactions Law
Introduction Agency agreements are foundational for many business or commercial matters because business owners cannot be in all places at all times. Therefore the agency arrangement needs to be examined particularly in relation to when it is binding on all parties, when it is not, what protections are offered to third parties (and when) to an agency arrangement’ and also remedies in relation to agency arrangements that have “gone bad”. Definition and Creation of Agency Definition - Agency is the relationship between two persons where one (the agent) has the right to bind the other (the principal) in a legal relationship with a third party; International Harvester Co of Australia Pty Ltd v Carrigan's Hazeldene Pastoral Co (1958) 100 CLR 644 at 652.
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