Business Studies, asked by pgpankaj7218, 1 year ago

Who is a person employed by and acting under the control of the original agent in the business of the agency?

Answers

Answered by ibenemevera
0

Answer:

Principal

Explanation:

In agency contracts, there exists a legal relationship between two people whereby one person acts on behalf of the other. The person acting on behalf of the other is called an agent, and the person from whom the agent derives authority to act is called the principal.

Answered by gratefuljarette
0

A sub-agent is a person employed by and acting under the control of the original agent in the business of the agency

Explanation:

  • The sub-agent is an individual who is employed by the agent. He acts as the agent in place of the main agent. He is given the work of the principal by the main agent
  • The sub-agent works for the agent and their relationship is defined as the agent and principal.  The sub-agent is given all the roles and responsibilities by the agent. He is totally responsible to the main agent
  • The main agent is responsible for appointing the sub-agent and also for all the activities of the sub-agent. The sub-agent has the authority to represent the agent in any form of transaction or act that has been entrusted upon him

To know more about agent

What is an agency distinguish between sub agent and substituted agent?

https://brainly.in/question/3265440

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