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What is mutual agency relationship

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What is mutual agency relationship

Posted by Vaibhavi Karanam 5 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 5 years, 4 months ago

Mutual agency implies that every partner is both an agent and principal. He is an agent of other partners as he represents them and there by binds them through his decisions and acts. He is a principal as he too can be bound by the acts of other partners.

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