Question
Define 'agent' and 'principal'. Can a minor be an agent? Discuss.
Answer :
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Skip in 10
An 'agent' is a person who is authorized to act on behalf of another person, known as the 'principal,' in dealings with third parties. The principal is bound by the agent's actions if they are within the authority granted. The relationship between the agent and principal is governed by the Indian Contract Act, 1872, which defines an agent under Section 182 as a person employed to do any act for another or to represent another in dealings with third parties. The principal is the person
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