We are living in a very busy world where people are so hooked on their jobs and personal life that doing any additional task can become a big challenge for them. Due to such situations, a new designation arrived known as an agent. An agent is a person who is allowed to act in a legal capacity on behalf of the principle. The agent has the implied authority to form contractual agreements on the acceptance of the principle. The principal-agent relationship can be a contractual relationship where the principle can set the terms, conditions & any liability applicable to the…
