Law of Agency in Paksitan

Abstract:     
It is a matter of commonsense that a human being cannot perform all the functions that he has to perform as a responsible rational being. He needs the help and assistance of other human beings who are also like him having certain capacity with all human limitations. These capacities may be similar or varying, less or more, but those are there. This need of others is according to Divine universal policy, hence found every where at all times. Hence mutual cooperation is the pivot of whole activity. To run the affairs on this globe all humans need mutual confidence which when reposed and maintained brings peace and prosperity and when there occurs any betrayal or breach of this confidence there occurs disorder and adversity, some times reparable and some times irreparable. Rights and obligations may be contractual or purely legal, but to enforce them there is the role of law. That role requires a standard which in the ultimate is honesty. An agent is a person who acts on behalf of a person called principal, bringing him into a legal relationship with a third person, but without himself necessarily being involved in that relationship. Whether in agency there is one contract or two and who is he with whom is the second contract. This paper deals with the law of agency in all its details.

Number of Pages in PDF File: 18

Keywords: Law of Agency in Pakistan, Agent, principal, Contract Act 1872

JEL Classification: K40

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