- individual authorized by another person called the principal to act in the ladders behalf in transactions involving a third-party banks are frequently appointed by individuals B2B their agents and so authorized their employees to act on behalf of principles agents have three basic characteristics
- they act on behalf of and are subject to control of the principal
- they do not have title to the principal’s property
- they owe the duty of obedient to the principals orders
Something went wrong. Please refresh the page and/or try again.