A person appointed by an agent under the authority of Principal is known as:
Section 194 concerns an agent with express or implied authority to name another person to act for the principal in the agency business. The person so named is the…
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A person appointed by an agent under the authority of Principal is known as:
Answer and explanation
Correct answer B
Section 194 concerns an agent with express or implied authority to name another person to act for the principal in the agency business. The person so named is the principal’s agent for that entrusted part, commonly called a substituted agent, rather than a sub-agent under the original agent’s control under section 191. The authority-to-name qualification is essential.
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