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