Definition and explanation of legal concept of agency

timer Asked: Sep 21st, 2014

Question description

Part A (Approx 650 words)


Define and explain the legal concept of agency. Your discussion should be framed around the following four (4) questions and reference should be made to any relevant case law and legislation:

1. What is agency (in a legal sense)

2. How does agency arise?

3. What are the advantages and disadvantages of an agency relationship?

4. Provide an example of a formal and informal agency relationship.

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