Principal Agent
(Redirected from Principal (commercial law))
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A Principal Agent is a legal person that ...
- See: Tort, Commercial Law, Natural Person, Agent (Law), Agency (Law), Common Law, Latin, Vicarious Liability, Strict Liability, Criminal Law.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/principal_(commercial_law) Retrieved:2015-8-9.
- In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se (Latin "he who acts through another, acts personally").
It is a parallel concept to vicarious liability and strict liability (in which one person is held liable for the acts or omissions of another) in criminal law or torts.
- In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se (Latin "he who acts through another, acts personally").