AGENT’S AUTHORITY ENDS THE MOMENT HIS PURPOSE IS SPENT

As a matter of law the authority of any agent appointed for a particular purpose is spent the moment he executes that purpose for which he was appointed. — Nnaemeka-Agu, JSC. Ashibuogwu v AG Bendel State (1988) – SC.25/1986 Was this dictum helpful? Yes 0 No 0...

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WHERE DIRECTOR ENTER CONTRACT FOR COMPANY, IT IS COMPANY WHO IS LIABLE

I have no doubt in my mind at all that as Chairman/Director of the 2nd appellant, the 1st appellant was in the eyes of the law an agent of the company for which he acted and the general principles of the law of principal and agent would generally have applied. Thus where a director enters...

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WHAT IS AN AGENCY RELATIONSHIP

Okwejiminor v Gbakeji (2008) 5 NWLR (Pt.1079) 172 Mohammed JSC defined the concept of agency thus:- “Agency is the relationship which exists or arises where one person called the agent, has the authority or capacity to create legal relations by acting on behalf of another person called the principal, whereby the latter undertakes to be...

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THE PRINCIPLE OF PRINCIPAL & AGENT IN AGENCY RELATIONSHIP

Agency has been defined in the case of SDV Nigeria Limited V Phillip Kayode Olusegun Ojo & Anor (2016) LPELR-40323 (CA), where Nimpar JCA, explained thus; “Agency is a relationship that exists between a principal and another called “agent” under which the agent has authority to act on behalf of the principal. Several authorities defined agency relationship, one of which is the case of OKWEIJIMONOR V GBAKEJI (2008) NWLR (Pt. 1079) 172 where the Apex Court held thus: “The general law relating to agency however , may be defined as the relationship which exists or arises where one person has the authority or capacity to create legal relations, i.e. the ‘agent’ who acts on behalf of another called the ‘principal’ whereby the latter undertakes to be answerable for the lawful acts of the former with a third party; provided it was done within the scope of his authority or ratified later by the latter. The fundamental element in agency relationship is authority of the agent to act on behalf of the principal.”

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FIVE WAYS IN WHICH PRINCIPAL AND AGENT RELATIONSHIP MAY ARISE

Usually, the relationship of Principal and agent may arise in anyone of five ways, namely: – 1. By express appointment whether orally or by letter of appointment or, indeed, by a Power of Attorney, Under this heading. No formality, such as writing is required for the valid appointment of an agent except for instance, where...

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THE IDEA BEHIND AGENCY RELATIONSHIP

The idea behind agency is that the law acknowledges that a person does not always need to act in person to change his legal relations. He may either employ the services of another to change them or do something to change them. Ordinarily, the idea is that the agent can affect the principal’s legal position...

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APPARENT OR OSTENSIBLE AUTHORITY IN AGENCY

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AGENT’S AUTHORITY ENDS THE MOMENT HIS PURPOSE IS SPENT

WHERE DIRECTOR ENTER CONTRACT FOR COMPANY, IT IS COMPANY WHO IS LIABLE

WHAT IS AN AGENCY RELATIONSHIP

THE PRINCIPLE OF PRINCIPAL & AGENT IN AGENCY RELATIONSHIP

Was this dictum helpful?

FIVE WAYS IN WHICH PRINCIPAL AND AGENT RELATIONSHIP MAY ARISE

THE IDEA BEHIND AGENCY RELATIONSHIP