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Agency
Required Reading
• What is an agency?
1. Adnan Trakic, Nagiah Ramasamy, Cheah You Sum, et An agent is defined as a person employed to do any act
al, 2014 Law for Business Sweet & Maxwell. for another or to represent another in dealings with
third persons
2. Lee Mei Pheng & Ivan Jerone Detta, 2014, Business
Law, 2nd edition, Oxford University Press • Principal is bound by Agent’s contract with Third Party
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Am bikai S T Singam 7 /21/2019 Ratification - S.R.M. Meyappa Chettiar v Lim Lian Koo
Am bikai S T Singam 7 /21/2019
• Held: that the terms of the agreement showed that PC was acting in his
personal capacity and therefore the principle of ratification could not
apply to the agreement The principle only applies where the agent has
professed to contract for his principal who afterwards ratifies.
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Ratification
Am bikai S T Singam 7 /21/2019 Am bikai S T Singam 7 /21/2019
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Termination of Agency
1. by principal revoking his authority; or
2. renunciation by agent of his authority or
3. by performance – when agency created for a
specific purpose, the agency comes to an end when
the purpose is achieved/completed or
4. by the death/insanity/bankruptcy of agent or
principal
– s 154