Answer :
A Principal is someone who has someone else acting for him. An Agent is a person who acts for someone else.
What is an agent?
An agent is referred to as a middleman or mediator who acts on the behalf of a person and represents his thought to the party. In business laws, duties and responsibility do not direct to the people it is conveyed with the help of an agency.
Principal refers to when an individual allows or authorizes another individual to act within his place and makes decision. Here Agent conveys their thoughts to the Principal.
In case of absence of agreement, an agent is liable to hold the remuneration of the individual.
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