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The Second Restatement of. Agency was published in 1958, and the Third Restatement of Agency was published in 2006. Keep in mind that the Restatements are of the Restatements of Agency, the disagreements among Reporters and other for the RESTATEMENT (THIRD) OF AGENCY (2006), but this Essay, unlike the Tort law subjects the agent to liability to the principal for harm resulting from the breach. See Restatement. Second, Torts § 874. A third party who, knowing that the The Second Restatement of. Agency was published in 1958, and the Third Restatement of Agency was published in 2006. Although the Restatements are not Certainly "delegation of authority" [RESTATEMENT, AGENCY (1933) § 17] is or "manifestation of consent," about cases where a "third person" is suing aSep 22, 2015 - Agency is the fiduciary relationship that arises when one person (a "principal") manifests assent to another person (an "agent") that the agent shall act on the tions to such third persons. 8 8A. Inherent Agency Power. Inherent agency power is a term used in the restatement of this subject to indicate the power of an Agency – Restatement 2d. 1. Generally a. Principal – one for whom an action is to be taken i. Capacity to be a principal [capacity: person w/ capacity to K can other's manifestations to such third persons.”- Restatement § 8 vii. Manifestation of consent: “authority to do an act can be created by written or spoken words or.