PLU-BUSA303-15-Chapter+17 (1) - Chapter 17 Agency...

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Anderson's Business Law and the Legal Environment, Comprehensive Volume
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Chapter 36 / Exercise 1
Anderson's Business Law and the Legal Environment, Comprehensive Volume
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Agency Relationships in Business Chapter 17 BUSA303, Business Law and Ethics 1
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Anderson's Business Law and the Legal Environment, Comprehensive Volume
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Chapter 36 / Exercise 1
Anderson's Business Law and the Legal Environment, Comprehensive Volume
Jennings/Twomey
Expert Verified
What is Agency? A relationship between two parties in which one party (the agent) agrees to represent or act for the other (the principal). BUSA303, Business Law and Ethics 2
Agency Relationships Section 17-1, pp. 464-468 BUSA303, Business Law and Ethics 3
Agency Relationships Employer-Employee Relationships Employees are Agents Limited Agency Employer-Independent Contractor Relationships Not Employees Fiduciary Relationship Determining Employee Status Court Criteria (Section 17-1c, p. 465) BUSA303, Business Law and Ethics 4
Asphalt & Concrete Services, Inc. v. Perry Court of Special Appeals of Maryland, 221 Md.App. 235, 108 A.3d 558 (2015) Case 17.1, pp. 466-467 What court/type of court is this? Who is the plaintiff in this case? Who is the defendant in this case? What are the essential facts of this case? What happened at the lower court? What was the issue on appeal? How did the appeals court rule? What is the rule in this case? BUSA303, Business Law and Ethics 5
Formation of an Agency Section 17-2, pp. 468-469 BUSA303, Business Law and Ethics 6
Formation of Agency Agency by Agreement Express or Implied Agreement Agency by Ratification Principal Affirms (Ratifies) Agency by Estoppel “Estopped to Deny” Agency Agency by Operation of Law Court finds agency in absence of a formal agreement (e.g., family law, emergency) BUSA303, Business Law and Ethics 7
Duties of Agents and Principals Section 17-3, pp. 470-472 BUSA303, Business Law and Ethics 8
Duties of Agents and Principals Agent’s Duties to the Principal Performance Notification

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