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MARCH 2009 BUSINESS LAW CHAPTER 37 DEBRA BARONE ANSWERS TO QUESTIONS AND CASE PROBLEMS 1. An agent differs from an independent contractor in that the principal, who controls the acts of the agent, does not have control over the performance of work by the independent contractor. The independent contractor does not have authority to act on behalf of the other contracting party. 2. The appointment is made before the agent performs any transactions on behalf of the principal and ratification is made after transactions are done. 3. The power of attorney did not give the son rights to make gifts of his father’s property or create a trust. A POA can not transfer the principal’s property to him or herself. Even though the son thought that Margaret Gadl was attempting to alienate his father, this did not give him any rights to do what he did. 4. Normally, the principal has the power to terminate the agency. Jones and Stayword had a two year contract and just because Stayword could not arrange
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This note was uploaded on 04/22/2011 for the course FINANCE BUSINESS L taught by Professor Daviddubois during the Spring '09 term at SUNY Empire State.

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