Class notes
Contract LAW
- Course
- Law of Contracts
- Institution
- Walter Sisulu University (WSU)
NOTES ON LAW OF CONTRACTS
[Show more]
Seller
FollowContent preview
Definition of an Agency• Gibson defines a contract of agency as a contract whereby one
person (the agent) is authorized and usually required by another
person (the principal) to contract or negotiate a contract on the latter’s
behalf with a third person.
Different kinds of Agents
• Auctioneers
• Brokers
• Estate agents
• Empowered and unempowered agents
Different kinds of principals
• Named principal (identity & existence)
• Unnamed principals (Existence only)
• Undisclosed principals
Creation (establishment) agency
1. Actual authority
Expressed or implied
Formalities of alienation of land (written & written by principal)
2. Residual provisions
Provided and imposed by law
General application
• Necessary powers
• Usual powers
• Emergency powers
• The principal did not contemplate or did not forget to provide
for the situation
• It was not practically possible to communicate with the
principal or ascertain his wishes before the emergency
action was taken
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller anothandosakhela. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R133,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
84866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now