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Unformatted text preview: b. Agent breaches its implied warranty of authority c. Agent personally guarantees the obligations of the principal d. Tort: Liability Principal or employer is liable for the torts of an agent or employee committed within the scope of employment under the doctrine of Respondeat Superior D. Termination of Agency 1.) Acts of the Parties a. Mutual agreement b. Termination of specified period of time c. Revocation or renunciation d. Accomplishment of purpose of agency e. Note: Notice of termination should be given to third parties to preclude apparent authority 2.) Operation of Law, eg. a. Death or insanity b. Destruction of subject matter c. Bankruptcy of principal or agent...
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This note was uploaded on 05/20/2008 for the course MGMT 246 taught by Professor Apke during the Spring '08 term at CSU Fullerton.
- Spring '08
- Business Law