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Agent and principal

Unit 5: Contract of AgencyTopic 2 of 4
Browse the Business Law syllabus

Business Law

10 units
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What the syllabus expects

  • Rights and duties of agents
  • Personal responsibility of agents
  • Rights and duties of principals

Agent and principal

Bachelor of Business Studies (BBS) — Third Year

Subject: Business Law (MGT 204)

Unit 5: Contract of Agency

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of agent and principal.
  • Identify the relevant legal concepts, distinguish parties' positions and analyze a syllabus-based case using the specified legal materials.

Curriculum Scope

  • Rights and duties of agents
  • Personal responsibility of agents
  • Rights and duties of principals

Detailed Microsyllabus

  1. Agent's position

    1. Rights and duties toward the principal.
    2. Conduct within or beyond authority.
    3. Circumstances of personal responsibility under the specified rules.

  2. Principal's position

    1. Rights, duties and third-party relationships.
    2. Responsibility arising from authorized conduct.
    3. Analyze relationships among all affected parties.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 16–18.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Legal examples must identify the governing law and amendment version supplied for the course; a curriculum heading does not by itself establish a currently applicable legal rule.

Legal reading reference: Consult the Nepal Law Commission's index of Acts and its Civil Code, 2074 page for the prescribed primary legal materials.