Question

13. Appointed with the permission of the principal is called
a) Agent
b) Sub-agent
c) Substitute agent
d) Principal​

Answer 1

Answer:

The ans should be agent

Answer 2

a) Agent

Appointed with the permission of the principal is called Agent.

• A person employed to perform any act for another or to represent others in contacts with third parties is referred to as an agent according to Section 182 of the Indian Contract Act, 1872. The person for whom the act was performed or who was so represented was referred to as "the principle."
• Definitions of "agent" and "principal." An "agent" is a person who is hired to perform any task for another or to speak on another person's behalf. The "principal" is the person on whose behalf the act is performed or who is so represented.
• A contract will frequently contain formal definitions of the principal-agent relationship. For instance, when a shareholder purchases shares of an index fund, the fund management acts as both the principal and the shareholder's agent.
• In the language of law, someone who has been given the authority to act on behalf of another person or entity is referred to as an agent. To represent a client in discussions and other interactions with third parties, an agent may be hired. The agent may be given the power to make decisions.

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