ABSTRACT

Agency is an indispensable apparatus in the mechanism of business and commerce. Without it, most business activities are well-nigh impossible of execution or implementation. The phenomenon simply accentuates the limitations on the human capacity to go it alone and underscores the importance of actors beyond the individual human entity. For example, since a person cannot be in two places at the same time, a person may sometimes require other people to represent him/her, on occasions in other places. Again, a person who lacks the legal capacity to carry out a certain function may require others endowed with the requisite legal capacity to undertake such function on his/her behalf. Even where a person has the legal capacity to perform a certain function, he/she may still need the assistance and support of others in order to carry out a commercial or business enterprise. Such people are consequently endowed in law with the power to act for and on behalf of other people.1 A registered company acquires upon incorporation a legal personality and can also employ human actors to act on its behalf.2