3992727
Beschreibung
Mindmap von terri.johnson255, aktualisiert more than 1 year ago
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Erstellt von terri.johnson255
vor mehr als 8 Jahre
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Agency Law
- ACTUAL authority
Anmerkungen:
- EXPRESS or IMPLIED powers
- agency by agreement
Anmerkungen:
- agency relationship that is created by an oral or written contract between the agent and principal
- agency by estoppel
Anmerkungen:
- agency relationship created because of principal's action caused by a third party to believe an agency relationship exists.
- agency by ratification
Anmerkungen:
- principal approved of an agents unauthorized action after the action occured
- agency by statute
Anmerkungen:
- created by state law
- agency law
Anmerkungen:
- area of law dealing with working relationships created between two parties
- agent
Anmerkungen:
- individual employed by the principalto work the third party
- apparent authority
Anmerkungen:
- occurs when the powers of the agent are created by law or circumstance
- coagents
Anmerkungen:
- two agents that work together
- general agent
Anmerkungen:
- given the authority to perform a variety of tasks
- gratuitous agent
Anmerkungen:
- agent that works for free
- partially disclosed agent
Anmerkungen:
- work with a third party but forbidden to reveal the identity of a principal
- principal
Anmerkungen:
- individual who gives authority to the agent
- special agent
Anmerkungen:
- performs specific tasks
- subagent
Anmerkungen:
- agent appointed by another agent WITH the knowledge and consent of the principal
- agent's agent
Anmerkungen:
- agent appointed by another agent WITHOUT the knowledge or consent of the principal
- third party
Anmerkungen:
- person or company whom the agent deals with on behalf of the principal
- 3.02
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