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Agency Created by Agreement

15 January, 2016 - 09:34

Most agencies are created by contract. Thus the general rules of contract law covered in ***Chapter 8 "Introduction to Contract Law" through ***Chapter 16 "Remedies" govern the law of agency. But agencies can also be created without contract, by agreement. Therefore, three contract principles are especially important: the first is the requirement for consideration, the second for a writing, and the third concerns contractual capacity.

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