What is the term for an agent authorized to perform specific acts on behalf of a principal?

The term that describes an agent authorized to perform specific acts on behalf of a principal is known as a Special Agent. This designation is crucial in the context of agency law, where the scope of authority is clearly defined. A Special Agent is typically granted the authority to carry out a particular task or function, such as negotiating a specific contract or managing a single transaction.

This contrasts with a General Agent, who has a broader authority to act on behalf of the principal in a variety of matters. The Designated Agent may refer to a specific person chosen to act for the principal, but it lacks the precise legal definition associated with the roles of agents. Meanwhile, Power of Attorney is a legal document that allows one person to act on behalf of another, but it does not directly refer to the agent's role in the context of being authorized for specific acts.

Understanding the distinctions between these terms is essential in the study of agency relationships and how different types of agents operate in legal contexts.