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Agency

A Dictionary of Law · Henry Campbell Black · 1891

A Dictionary of Law

The contract of agency may be defined to be a contract by which one of the contracting parties confides the management of some affair, to be transacted on his account, to the other party, who undertakes to do the business and render an account of it.

1 Liverm. Prin. & Ag. 2.

A contract by which one person, with greater or less discretionary power, undertakes to represent another in certain business relations.

Whart. Ag. 1.

A relation between two or more persons, by which one party, usually called the agent, or attorney, is authorized to do certain acts for, or in relation to the rights or property of the other, who is denominated the principal, constituent, or employer. Bouvier, quoting Prof. Joel Parker, MS.

Lect. 1851.