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Settlement Of Price For Agent In Sale Or A Purchase
Is it a condition that a price be agreed upon by at least one of the two principals and that these instructions be given in advance?
The setting of the price for an agent in a sale or a purchase is not a condition to the validity of the agency however, if the principal does specify a price and the agent exceeds it, the rulings pertaining to the relevant agency agreement will apply, i.e. the transaction will go through but be binding on the agent and not the principal.

If the agent sells the merchandise at a price lower than the one specified by the principal, the transaction will remain suspended and conditional upon the approval of the principal.




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