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  • An Appraisal Of The Concept And Scope Of Agency Bb

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AN APPRAISAL OF THE CONCEPT AND SCOPE OF AGENCY RELATIONSHIP UNDER THE NIGERIAN COMMERCIAL LAW BY Miriam Elisha KARU MA/LAW/42152/20122013 BEING A RESEARCH PROJECT SUBMITTED TO THE SCHOOL OF POSTGRADUATE.

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How to fill out the AN APPRAISAL OF THE CONCEPT AND SCOPE OF AGENCY Bb online

Filling out the AN APPRAISAL OF THE CONCEPT AND SCOPE OF AGENCY Bb online is a crucial step in documenting your understanding of agency relationships under Nigerian commercial law. This guide will provide you with a comprehensive, step-by-step approach to successfully complete the form.

Follow the steps to complete the appraisal form effectively.

  1. Click the ‘Get Form’ button to obtain the document and access it in your preferred online editor.
  2. Begin with the title section. Clearly write ‘AN APPRAISAL OF THE CONCEPT AND SCOPE OF AGENCY Bb’ followed by your name and relevant details.
  3. In the introduction section, summarize the purpose of the appraisal and include any personal motivation or background related to the topic.
  4. Proceed to outline the specific components of agency relationships. Highlight primary definitions and concepts discussed in Nigerian commercial law, ensuring to relate them to practical examples if necessary.
  5. In the section dedicated to duties and responsibilities, detail the obligations of agents and principals. Use clear and concise language to describe the relationship dynamics.
  6. Discuss breach of obligations. Outline what constitutes a breach in agency relationships and potential resolutions or remedies available.
  7. Provide a conclusion summarizing your findings and reinforcing the importance of understanding agency relationships in commercial law.
  8. Finally, review your completed form for any errors or omissions, then save your changes. You may choose to download, print, or share the completed appraisal as needed.

Complete the AN APPRAISAL OF THE CONCEPT AND SCOPE OF AGENCY Bb online and enhance your understanding of agency law today.

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� Agency by Ratification: A confirmation by the principal of an act or contract performed or entered into on his or her behalf by another, who assumed, without authority, to act as his or her agent.

The scope of an agency relationship is its range of operation or purpose. The scope of an agency relationship is determined by what the parties intend the agent to accomplish. It is the scope of the relationship that establishes the agent's authority and obligations to the principal.

Agency by ratification arises when a person (the principal) ratifies (that is, approves and adopts) an act which has already been done in his name and on his behalf by another person (the agent) who in fact, had no actual authority (whether express or implied) to act on his (the principal's) behalf when the act was ...

What is ratification and how does a principal approve by it? When a person who is not an agent makes a contract (so the contract is not enforceable) on behalf of the principal, and the principal accepts the contract and (enforces it) gives it legal force. This is ratification.

An agency by ratification is made when a third party reasonably believes that the "agent" is acting on behalf of the principal and that the principal accepts the acts of the agent.

The main characteristics of an agency relationship are that it is fiduciary, it involves trust and confidence, agency laws govern it, and it is a consensual relationship. The agent is the party who is legally authorized to act on behalf of another party in business transactions.

Thus, agency is a consensual relationship in which one person agrees to act for the benefit of, and subject to the control of, another person. The principal must manifest (or convey) his consent to the agent. This required manifestation of consent may be written, oral, or implied from the parties' conduct.

An agency relationship consists of the principal and the agent where the principal gives the agent legal permissions to act on the principal's behalf. In this type of relationship, agents should not have any conflicts of interest in executing any act the principals appoint them to do.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232