Ai;iiiTK.\Ti"N. 777 



me the agent of another not being necessary or verbally, or by writing. 

 A verbal creation of agency suffices to authorize the agent to make a con- 

 tract even in cases where such contract must be in writing. 



Agency is of three different kinds : special, general, and professional, 

 pecial agency is an authority exercised for a special purpose. If a 

 ial agent exceed the limits of his authority, his principal is not bound 

 by his acts. 



A general agency authorizes the transaction of all business of a particu- 

 lar kind, or growing out of a particular employment. The principal will 

 be bound by the acts of a general agent though the latter act contrary to 



instructions, provided he keep, at the same time, within tl 

 ral limits of his authority. 



Professional agents are those licensed by the proper authority to tran- 

 sact certain kinds of business for a compensation. The following 

 among this class of agents : 

 1 . Attorney 

 J. Brokers. 



3. Fact 



4. Auction* > 



5. Masters of Ships. 



In regard to the subject of an agency, the general rule is that whatever 

 a man may do in his own light, he may also transact through another. 

 Things of a personal nature, implying personal confidence on the part of 

 the person possessing them, cannot be delegated. 



Infants, married women, lunatics, idiots, aliens, and persons incapable 



of making legal contracts, cannot act as principals in the appointment of 



Infants and married women may, however, become principal- in 



Agency may be terminated in two ways: (1) by the art <>f the princi- 

 pal or a by operation of law. In tin- Latter OaS6 the termination 



<>t' tin- agency is i-ti'eeted l.y lapse of time, by completion of the sul 

 matt.-r of the a^-n.-y. l.y the extinction of the subj.rt matter OT bj 

 xinkruptry, r death of either p;i: 



ARBITRATION. 



Arbitration is an investigation an-1 determination of sub; iiir.-r- 



d in dispute, by nnotlieial persons el, 

 the parties in <ji; 



Th.- general rule U that any perBOO capable of making a valid 

 cone 'ihjrrt in dispute may be a party to an arbitration. 



