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Kinds Of Agent

There can be many type of agents depending upon responsibilities and resources delegated to them, nature of transaction in which agency exists, expanse of agency, area of authority of agent etc.
Some major classes of Agents are mentioned below-

  1. Special Agent-
    * Agent for Special Task
    * Powers and Responsibilities limited to special task only
    * Limited Authority
    * Agency terminated with accomplishment of purpose

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Modes Of Creation Of Agency

ca4all agency

  1. EXPRESS AGREEMENTAn Agreement is entered into which results in the creation of Agency
  2. IMPLIED AGREEMENT
                         * Agency by Estoppel
                         * Agency by holding out
  3. AGENCY BY NECESSITY
  4. AGENCY BY OPERATION OF LAW
  5. AGENCY BY RATIFICATION

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