Chapter 4: Law of Agency - Rights, Duties, and Termination Explained

This assignment provides a detailed overview of the Law of Agency, covering key aspects such as the nature of agency, its formation through express and implied appointments, and the types of agency categorized by function and authority. It elucidates the rights and duties of both principals and agents, referencing the Contract Act 1950. The document explores the obligations of agents, including obeying instructions, exercising due care, rendering proper accounts, and avoiding conflicts of interest, supported by relevant case law. Furthermore, it outlines the termination of agency, including methods by parties involved in the contract and by operation of law, providing a comprehensive understanding of the subject matter.