Respuesta :
The Indian Contract Act of 1872 allows one person to nominate a substitute to negotiate a contract on his or her behalf. The main in this illustration is the first person, and the second is the employed agent. Any person may work as an agent.
An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity. An agent may be employed to represent a client in negotiations and other dealings with third parties. The agent may be given decision-making authority.
Two common types of agents are attorneys, who represent their clients in legal matters, and stockbrokers, who are hired by investors to make investment decisions for them. The person represented by the agent in these scenarios is called the principal. In finance, it refers to a fiduciary relationship, in which an agent is authorized to perform transactions on behalf of the client and in their best interest.
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