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Agency law

Description

ACCA Qualification F4 - Corporate and Business Law (Agency law) Mind Map on Agency law, created by Tim Mitchell on 12/11/2013.

Mind Map by Tim Mitchell, updated more than 1 year ago

	Created by Tim Mitchell over 10 years ago

268

Resource summary

Agency law

Create
1. Express
2. Implied
3. Necessity
  1. emergency
  2. property entrusted to agent
  3. can't contact principle
  4. acting in principle's best interest
4. Ratification
5. Estoppel (holding out)
Authority
1. Express
2. Implied
3. Apparent/ Ostensible
Liabilities
1. Principle => Agent
2. Agent => Principle
3. To 3rd Party

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