Agency | Business law chapter-10 | Indian contract act,1872 | CWG for BCOM | Semester 1st

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Welcome to **CWG for BCOM**!
In this lecture, we begin *Chapter 10 – Contract of Agency* from *Business Law* under the *Indian Contract Act, 1872**. The topic of **Agency* explains how one person (agent) acts on behalf of another (principal) in a legal relationship. This chapter is very important for *BCOM/BBA Semester 1 (2025–26)* and **CA, CS, CMA foundation-level exams**.

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🎯 *What You’ll Learn in This Video:*

✅ Meaning and Definition of *Contract of Agency (Sec 182)*
✅ Essential Features of Agency Relationship
✅ Who can become an Agent or Principal
✅ Creation of Agency – Express, Implied, Necessity & Ratification
✅ Difference between Agent and Servant
✅ Rights, Duties & Liabilities (Overview)
✅ Real-life Examples & Case Studies
✅ University Exam-Oriented Explanation

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📚 *Who Should Watch This Video:*

✔️ BCOM & BBA 1st Semester Students (2025–26)
✔️ CA Foundation / CS Executive Entrance / CMA Foundation Aspirants
✔️ Students preparing for *Indian Contract Act, 1872*
✔️ Hindi & English Medium Learners

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