Restatement (Second) of Agency

The Restatement (Second) of Agency is a legal guide that clarifies the relationship between agents and their principals in various contexts, such as business or personal transactions. It outlines how an agent can act on behalf of a principal, establishing the rights and responsibilities of both parties. The restatement helps determine when a principal is responsible for an agent's actions and how agents should conduct themselves. It's essential for understanding the legal implications of representing someone else in agreements, ensuring that both parties know their roles and obligations.