What is the primary focus of agency law?

Agency law primarily focuses on the relationship between an agent acting on behalf of a principal. This legal framework governs the interactions between the agent, who is authorized to act for the principal, and the principal, who delegates authority to the agent to perform specific tasks or conduct business on their behalf.

Understanding this relationship is essential because it involves various duties and responsibilities, including the duty of loyalty, duty of care, and the obligation to act within the scope of the authority granted by the principal. Agency law provides clarity on how agents must conduct themselves, the extent of their authority, and the implications of their actions for both the agent and the principal. This ensures that both parties understand their rights and obligations, making agency law a critical component in numerous business transactions and legal agreements.

In contrast, the other options focus on different legal concepts unrelated to agency law. The relationship between a seller and a buyer pertains to contract law; partnership obligations relate to the dynamics of partnerships; and while the liability of agents in case of misconduct is important, it falls under the broader context of agency law rather than defining its primary focus.