00:01
Okay, so we're going to be looking at a question on agency.
00:07
So we have a type relationship here when we start studying the concept of agency.
00:17
So agency simply is a call between.
00:20
So we have the agent here.
00:22
We have the principal, the one on behalf of which the agency is operating.
00:32
And we have a client on the other hand.
00:37
So the agency is the goal between the principal and the client.
00:48
So instead of going that route, the agency takes the role to be the goal between so that the principal delegates responsibility to the agent.
01:04
So there is a question on delegation there, the agent acting on behalf of the principal because the responsibility is being delegated to the agency.
01:19
So there is an issue obviously of trust...