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Chapter 5

Agency law

Chapter learning objectives

Upon completion of this chapter you will be able to:

 define the role of the agent and give examples of such relationships, paying
particular regard to partners and company directors

 explain how the agency relationship is established

 define the authority of the agent

 explain the potential liability of both principal and agent.

The underpinning detail for this Chapter in your Workbook can be found in
Chapter 5 of your Study Text

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