Business Law Nov. 23 (not present).docx

Business Law Nov. 23 (not present).docx - Business Law Nov...

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Business Law Nov. 23 (not present) -Agency= Principal and Agent -Agent represents or acts on behalf of a principal -The principal has the right to control the agent in matters entrusted to the agent. -Principals use agents to able to conduct multiple business operations simultaneously in various locations Agency Relationships -Agency is a “fiduciary” relationship based on trust and confidence -Agency is a fiduciary relationship in which the aprties have agreed that the agent will act on behalf and instead of the principal in negotiating and transaction business with third parties -What is a “fiduciary” relationship?
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