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Difference between special agent and general agent?
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Difference between special agent and general agent?
Difference Between Special Agent and General Agent
In the realm of agency law, understanding the distinction between a special agent and a general agent is crucial. Both play significant roles but serve different functions.

Definition
- Special Agent: A special agent is appointed for a specific task or purpose. Their authority is limited to the particular transaction or activity outlined in their agreement.
- General Agent: A general agent has a broader scope of authority, enabling them to act on behalf of the principal in a variety of matters over time.

Authority
- Special Agent:
- Limited authority confined to a specific act or transaction.
- Cannot engage in activities outside the defined scope.
- General Agent:
- Authority to perform a range of acts and make decisions on behalf of the principal.
- Can engage in multiple transactions over an extended period.

Examples
- Special Agent:
- A real estate agent hired to sell a particular property.
- General Agent:
- A business manager responsible for managing daily operations and making decisions for a company.

Duration
- Special Agent:
- Typically appointed for a short duration or for a one-time project.
- General Agent:
- Usually appointed for a longer duration, often indefinitely, until the principal decides to terminate the agency.
Understanding these distinctions helps in determining the appropriate type of agent required for various business or personal transactions. Each serves its unique purpose based on the needs of the principal.
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Difference between special agent and general agent?
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