What is an agent?

Party that has express (oral or written) or implied authority to act for another (the principal) so ...

	Friday, January 30, 2015 agent   Term of the Day agent party that has express (oral or written) or implied authority to act for another (the principal) so as to bring the principal into contractual relationships with other parties. An agent is under the control (is obligated to) the principal, and (when acting within the scope of authority delegated by the principal) binds the principal with his or her acts. Additional powers are assigned to... Learn more about this term Usage Example Through experience and industry knowledge, a real estate agent has the ability to provide hundreds of different and often highly creative options that enable people to purchase a home, land, business space or commercial property.   Friday Quiz Challenge Test your knowledge of this week's terms Question: The set of basic principles and associated guidelines, formulated and enforced by the governing body of an organization, to direct and limit its actions in pursuit of long-term goals. Choose the Right Answer: (A) policy (B) money (C) ratio (D) utilitarianism   Featured Article Shall vs. Will "Shall" is a word that has certainly come to be replaced in American English language by using the word "will" instead. Often saying "I shall" do something ... Read this article   Voice Your Opinion How do you handle stress?   Take us with you! Download the BusinessDictionary app today.
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