WELLCOME TO MY

PRESENTATION

MD.OMAR FARUQID: 14251041

EMBA PROGRAEAMMANAGEMENT STUDIES

DEPARTMENTRAJSHAHI UNIVERSITY

Define agentAnd

Right of Agents

Define agent: An ‘agent’ is a person employed to do

any act for another; or Represent another in dealings with third persons. The person for whom such act is done or who is represented is called Principal. Sec.182

Who can appoint an agent?

Any person can appoint an agent if he is of the age of majority; and he is of sound mind. Sec.183

Who can be an agent?

Right of Agents: 1. Right of Retainer: Agent has right to

deduct the amount which is due to him by principal, from amount payable to principal.

2. Right of stoppage in transit: In case where agent is personally liable, he has right to stop the goods in transit. The good may be moving towards customer or principal.

“3. Right to claim Remuneration: As per the terms of agency contract, agent has rights to claim remuneration.

4. Right of Indemnity: Principle of indemnity gets operated between principal and agent where principal is implied indemnifier and agent is implied indemnity holder. So agent can make principal answerable for all types of sufferings.

5. Right of lien: Agent can exercise right of lien but contract act has not specified whether it is general lien or particular lien. Therefore the nature of agent’s lien depends upon mutual understanding.

THATS ALL

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