代理人以代理权为委托人行事同时委托人受此约束是委托人和代理人关系的本质。
The authority of the agent to act for and bind the principal is the very essence of the principal and agent relationship.
代理人在委托人死亡后的所作行为对委托人的财产没有约束力。
The estate of the principal is not bound by any act done by the agent after the principal's death.
第五部分，建立有效的代理人约束激励机制。
The fifth section: build efficient agency constraint and inspirationmechanism.
据此提出解决委托-代理难题的关键在于实施有效的激励与约束。
So effective incentive and restraint is the key to solve the principal-agent problem.
据此提出解决委托-代理难题的关键在于实施有效的激励与约束。
So effective incentive and restraint is the key to solve the principal-agent problem.
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