Lecture 1 Week 1

Lecture 1 Week 1 - Week1:Week1Lecture#1 Lecture The Core...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Week 1: Week 1 - Lecture #1 Lecture The Core Learning Outcomes addressed this week are: Demonstrate the ability to brief a case. Describe the relationship between an agent and a principal. Explain how legal principles affect management decisions. Other Key Concepts: Chapter 35: Key terms: agent, principal, actual authority (express and implied), apparent authority , gratuitous agent, actual notification, constructive notification, How is an agency formed? What is the difference between an employee and an independent contractor? Why is that important? What are the duties of an agent to a principal? (duty of loyalty -- conflicts of interest and confidentiality, duty to obey instructions, duty to act with care and skill, duty to notify principal, duties to account) What are the duties of a principal to an agent? (Compensation, reimbursement, indemnity). How can you terminate an agency? How can apparent authority be terminated? Chapter 36:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/11/2011 for the course MG 261 taught by Professor Lynch during the Fall '11 term at Park.

Page1 / 2

Lecture 1 Week 1 - Week1:Week1Lecture#1 Lecture The Core...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online