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Juridical Admin
Juridical Admin
behalf of another person or entity. However, there are several key differences between the two.
Agency refers to the relationship between two parties where one party (the principal) authorizes
another party (the agent) to act on its behalf in certain matters. The agent has the authority to perform
certain acts or make certain decisions on behalf of the principal, such as entering into contracts or
making payments. The principal remains ultimately responsible for the actions of the agent and can be
held liable for any damages caused by the agent's actions within the scope of their authority.
On the other hand, juridical administration refers to the management and disposal of the property or
affairs of a person or entity by a court-appointed administrator or receiver. This may occur in situations
such as bankruptcy proceedings or legal disputes where the court appoints an administrator to manage
the assets and affairs of the involved parties. The administrator is responsible for managing the property
or affairs in accordance with the court's orders and may be required to report to the court on their
actions.
One key difference between agency and juridical administration is that agency is a voluntary relationship
between the principal and the agent, while juridical administration is a court-ordered process.
Additionally, while an agent acts on behalf of the principal with the principal's authority, a court-
appointed administrator acts in accordance with the court's orders and does not necessarily require the
consent of the involved parties.