In or normal life, we are dealing with a lot of agent but most of the time, we are unaware about it. An agency can be created as simple as a bus driver and the passengers. The bus driver being the agent to the bus company and make a contract with the passenger. The legal definition for an agent is, an agent has the authority to make contract with a third party on behalf of another person or legally known as principal. After making the contract, the agent usually drops from the picture and the contract are normally left to the principal and the third party. If any breach occurred, it is left for the principal to deal with the third party. As mentioned above, an agent is just like the bus driver, and middle man. Payment is paid to the company not the bus driver and if anything were to happen, it is the company’s liability.
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