An agent with authority to bind his principal in everything, provided he acts lawfully is called

Assessment: WAEC SSCE - Commerce - 1997 (Objective) Subject: Commerce

Question 1 Report

An agent with authority to bind his principal in everything, provided he acts lawfully is called
Answer Details
An agent with the authority to bind his principal in everything, provided he acts lawfully is called a "universal agent." This means that the agent has the power to act on behalf of the principal in any legal matter or transaction, including contracts, sales, purchases, and other business activities. The universal agent is authorized to make decisions and take actions on behalf of the principal and has the power to legally bind the principal to any agreement entered into.
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