Our assignment requires us to critically examine this statement, and in our answer to refer to decided case law in support of our argument.

... "The Estate Agent who contracts with the principal to act as such owes a duty to carry out his obligations under the agreement. He has a duty to act in the best interests of his principal within the confines of the law. He must carry out his professional duties in a reasonable and business- like manner" Our assignment requires us to critically examine this statement, and in our answer to refer to decided case law in support of our argument. ________________________________________________________________________________ In the world of bidding and buying, agency is an extremely important area of law for auctioneers, sellers, and buyers. Auctioneers serve as agents for auction sellers, which means that agency and auctions are inextricably inter-linked. Acting on behalf of their client (the principal), the auctioneer (or principal's agent), works with third parties to establish and form contracts, which also act to establish the legal relationship between the parties involved. "The

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