Arkansas Agency Agreement with Agent for Sale of Buyer of Natural Gas
Category:
State:
Multi-State
Control #:
US-1340964BG
Format:
Word;
Rich Text
Instant download
Description
The term agent is derived from the Latin word “agens,” meaning to do or to act. An agent is someone 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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