Law Of Agency Malaysia

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Law of agency malaysia. You can view samples of our professional work here. The person for whom such act is done or who is so represented. The royal malaysia police is the main agency tasked with maintaining law and order in malaysia the force is a centralised organisation with responsibilities ranging from traffic control to intelligence gathering. This work has been submitted by a law student.

The law of agency is governed by part x of the contracts act 1950. 15 law of agency. An agent is defined as a person employed to do any act for another or represent another in dealings with third person the person for whom such act is done or who is so represented is called the principal. Who may be an agent 138.

15 1 1 the law of agency plays an important role in commercial transactions particularly with the advent of the modern company which by a legal fiction is regarded as having personality and may enter into transactions in its own right. Consideration not necessary 139. 6th aug 2019 commercial law reference this tags. The laws of malaysia series lom is a compilation and reprint of laws published in volume form pursuant to section 14 a of the revision of laws act 1968 act 1 it is the only official and authentic publication of the laws of malaysia.

The law of agency is an area of commercial law dealing with a set of contractual quasi contractual and non contractual fiduciary relationships that involve a person called the agent that is authorized to act on behalf of another called the principal to create legal relations with a third party. Not being a real person a company must act through people. This is not an example of the work produced by our law essay writing service. The law of agency in malaysia is governed by part x of the contracts act 1950.

Succinctly it may be referred to as the equal relationship between a principal and an agent. Who may employ agent 137. The person for whom such act is done or who is so represented is called the. Extent of agent s authority 142.

1445 words 6 pages law essay. Examples of agents including brokers. The law of agency is governed by part x of the contracts act 1950. The law of agency is governed by part x of the contracts act 1950.

Definitions of express and implied authority 141. Its headquarters is located at bukit aman kuala lumpur the constitution control employment recruitment fund discipline duties and powers of the police force is specified and. Anyone can become a principal or an agent as long as the person is age of majority and of sound mind as stated in section 136 and section 137 contracts act 1950 respectively. Agent s authority may be expressed or implied 140.

The law of agency. An agent is defined as a person employed to do any act for another or represent another in dealings with third person 1. 10 laws of malaysia act 136 part x agency appoinment and authority of agents section 135.