x

Choose Country Code

x

Direction

x

Ask a Question

  • Ask a Question
  • Scan a Question
  • Post MCQ
  • Note: File extension must be of jpg, jpeg, png, bmp format and file size must not exceed 5 MB
x

Ask a Question

x

x
x
x
Hire a Tutor

Answers and Solutions

What's Your Question?
Answer
Agent is a person who works for another person under his control,the later is called as Principal.Agent's authority and responsibility are decided by the Principal.
Answer

a person who acts on behalf of another person or group.

Answer

An agent is a person who is authorized to act for or in the place of another.

A Party that has express (oral or written) or implied authority to act for another so as to bring the principal into contractual relationships with other parties i called an agent. An agent is obligated to the principal, and binds the principal with his or her acts. The agent, however, does not have title to the principal's goods in his or her possession, except where agent's lien is applicable. 

Answer

Agent is and Individual or Firm which is authorized to act on behalf of another person(called Principal) for executing transaction or selling & Servicing an Insurance Policies. The agent does not assume any financial risk in the transaction, as a dealer would.

 

Post Answer and Earn Credit Points

Get 5 credit points for each correct answer. The best one gets 25 in all.

Post Answer