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Froogle 1.1.1.7
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Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

AGENT

One who is authorized by another person to act in that person's behalf. The acts of an agent are binding on his principal.

EXAMPLE:

Kim, an artist, instructs Lorenzo to sell her paintings to various art galleries and to private parties. Lorenzo is considered Kim's agent, regardless of whom he sells to, since he will have apparent authority to act on her behalf.
Last Updated:
Source: Barron's Dictionary of Legal Terms, Steven H. Gifis, 5th Edition; ©
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