Agency (6)
Pursuant to Art. 2179 of the Ethiopian civil code, we find two sources of representation: the agreement of the parties or by law. In most cases, the authority to represent a person on a transaction with a third person emanates from the agreement of the parties and seldom, when the…
Genesis, Development and Principles The Roman low has been exerting a significant impact on the formation and development of modern private laws in many countries of the world, starting from the era of Justinia who was the Emperor of the Roman Empire around the 6th century A.D “Ethiopians at this…
Authority by Virtue of Contractual Agency We have discussed what authority is under the above topics. This topic focuses on authority, which is derived from the agreement of the contracting parties, agent and principal. Hence in reading this topic we shall see it from the perspectives of the common law…
Obviously, an agent is a person who has the authority to act in the name and on behalf of another person called the principal. In other words, it is an authority given to the agent to perform juridical acts as a medium of an intermediary with another person called the…
Genesis and Development of the Law of Agency The concept of agency representation in the sense it is understood now emerged around the twelfth century (A.D) along with the salve and slave owner’s relations. Since the early time, salves were considered as a mere chattel without any rights. It was…
Definition The Law of agency is in most cases defined as the relationship between two persons, where one (the agent) may act on behalf of the other (principal) and bind the principal by words and actions .It is also defined as the relationship in which one person acts for or…