Business Studies, asked by ashoknjaru11, 3 months ago

an agent named by another agent to act on behalf of the principal​

Answers

Answered by Laibakhan1
1

Agency relationships

An agent in commercial law (also referred to as a manager) is a person who is authorized to act on behalf of another (called the principal or client) to create a legal relationship with a third party.

Answered by Anonymous
0

An agent named by another agent to act on behalf of the principal​ is the agent - principal relationship.

  • In commercial law, an active agent is typically represented as a responsible manager, who represents an individual allowed to act appropriately to typically develop a legitimate relationship with a third party.
  • Such an individual forms a direct relationship on behalf of another specific individual referred to as the principal or potential client.
  • These relationships are also referred to as agency relationships where certain situations among the participating parties are precisely defined.

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