Assertion: agency | /r/DefinedAs | contract
Facets:
Source sentences:
text: An agency is defined as a contract, either express or implied, by which one of the parties confides to the other the management of some business, to be transacted in his name, or on his account, by which that other assumes to do the business, and to render an account of it[i]. Express agency is an actual agency created by the written or spoken words of the principal authorizing the agent to act on behalf of the principal.