Law Of Agency Malaysia
10 laws of malaysia act 136 part x agency appoinment and authority of agents section 135.
Law of agency malaysia. This is not an example of the work produced by our law essay writing service. Succinctly it may be referred to as the equal relationship between a principal and an agent. The person for whom such act is done or who is so represented is called the.
Law of agency 4 1. Law of agency in malaysia free download as word doc doc docx pdf file pdf text file txt or read online for free. Its headquarters is located at bukit aman kuala lumpur the constitution control employment recruitment fund discipline duties and powers of the police force is specified and.
The law of agency is governed by part x of the contracts act 1950. 15 law of agency. The law of agency.
Who may employ agent 137. 15 1 1 the law of agency plays an important role in commercial transactions particularly with the advent of the modern company which by a legal fiction is regarded as having personality and may enter into transactions in its own right. This work has been submitted by a law student.
Extent of agent s authority 142. Who may be an agent 138. The law of agency is an area of commercial law dealing with a set of contractual quasi contractual and non contractual fiduciary relationships that involve a person called the agent that is authorized to act on behalf of another called the principal to create legal relations with a third party.
Agent s authority may be expressed or implied 140. Agent and principal 136. The law of agency is governed by part x of the contracts act 1950.
A well recognized exception to this general rule is the concept of agency. The laws of malaysia series lom is a compilation and reprint of laws published in volume form pursuant to section 14 a of the revision of laws act 1968 act 1 it is the only official and authentic publication of the laws of malaysia. Consideration not necessary 139.
An agent is defined as a person employed to do any act for another or represent another in dealings with third person 1. The royal malaysia police is the main agency tasked with maintaining law and order in malaysia the force is a centralised organisation with responsibilities ranging from traffic control to intelligence gathering. Not being a real person a company must act through people.
6th aug 2019 commercial law reference this tags. An agent is defined as a person employed to do any act for another or represent another in dealings with third person the person for whom such act is done or who is so represented is called the principal. Creation and termination of agency it is a general principle of contract law that only the parties to the contract acquire rights and liabilities under it.
