Law of Agency: Chapter 4 - Creation, Types, and Termination

This document provides a comprehensive overview of Chapter 4, focusing on the Law of Agency, as defined by the Contract Act 1950. It begins by defining key terms such as 'agency,' 'agent,' and 'principal,' and then delves into the creation of agency through express and implied appointments, ratification, necessity, and estoppel. The document further explores different types of agency, categorized by function (brokers, factors, commission agents, etc.) and authority (actual and apparent). It also covers sub-agents and substituted agents. Finally, the document addresses the termination of agency, providing a complete understanding of the legal aspects of agency relationships.