Arkansas Agency Agreement to Buy Natural Gas for Buyer
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Description
The term agent is derived from the Latin word agens, meaning to do or to act. In the legal context, an agent is some one who is authorized to act on behalf of another (usually the principal). Any individual capable of performing the specific functions and creating legal relations between a person (principal) and third parties can become an agent. It is not essentially required that an agent be legally capable of entering into a contract. Therefore, any individual can be an agent, i.e. a minor or a lunatic can be an agent. However, the court would ignore either’s attempt to act as s/he was so young or completely incapable of understanding the function they were attempting to perform.
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