What are the classification of agents?

There are 3 classes of agents: General agent, Special agent and Mercantile agent.

What are the 4 types of agents in law?

Types of Agents

Special Agent- Agent appointed to do a singular specific act. General Agent- Agent appointed to do all acts relating to a specific job. Sub-Agent-An agent appointed by an agent. Co-Agent- Agents together appointed to do an act jointly.

What is an agent commercial law?

A commercial agent means a self-employed intermediary who has continuing authority to negotiate the sale or purchase of goods on behalf of its principal or to negotiate and conclude the sale or purchase of goods on behalf of and in the name of that principal.

What are the types of agency?

Types of Agencies
  • Branding. These firms widen the marketing scope beyond your products or services. …
  • Direct marketing. …
  • Digital marketing/new media. …
  • Social media. …
  • Shopper activation/shopper marketing. …
  • Public relations.

What are the 5 types of agents?

The five types of agents include: general agent, special agent, subagent, agency coupled with an interest, and servant (or employee).

What are 3 types of agents?

In general, there are three types of agents: universal agents, general agents, and special agents.

What are examples of agents?

Examples of agents are sales representatives and shipping agents. Another example is someone who enters into negotiations on behalf of a client.

What are the functions of agent?

The duties of an agent are as follows:
  • Duty to execute a mandate.
  • Duty to follow instructions or customs.
  • Duty of reasonable care and skill.
  • Duty to avoid conflict of interest.
  • Duty not to make a secret profit.
  • Duty to remit sums.
  • Duty to maintain accounts.
  • Duty not to delegate.

Who is called an agent?

Definition. A person who performs services for another person under an express or implied agreement and who is subject to the other’s control or right to control the manner and means of performing the services. The other person is called a principal. One may be an agent without receiving compensation for services.

Who is a general agent in law?

A general agent is a person authorized to transact every kind of business for his/her principal. S/he acts as a representative of another, who has a mandate of general nature.

What is an example of an agent?

Examples of agents are sales representatives and shipping agents. Another example is someone who enters into negotiations on behalf of a client.

Who is called an agent?

Definition. A person who performs services for another person under an express or implied agreement and who is subject to the other’s control or right to control the manner and means of performing the services. The other person is called a principal. One may be an agent without receiving compensation for services.

What are the functions of agent?

The duties of an agent are as follows:
  • Duty to execute a mandate.
  • Duty to follow instructions or customs.
  • Duty of reasonable care and skill.
  • Duty to avoid conflict of interest.
  • Duty not to make a secret profit.
  • Duty to remit sums.
  • Duty to maintain accounts.
  • Duty not to delegate.

What is mercantile agent?

Mercantile agent’ means an agent having in the customary course of his business as such agent authority either (1) to sell goods, or (2) to consign goods for the purpose of sale, or (3) to buy goods, or (4) to raise money on the security of goods. [

What is an action agent?

In intelligence usage, one who has access to, and performs actions against, the target. Dictionary of Military and Associated Terms.