An employee may act in the capacity of an agent.
A minor can be an agent.
A principal can ratify an agreement made without authorization on his or her behalf by one who is not his or her
A principal owes his or her agent a duty to act in good faith.
Generally, a principal has a duty to pay an agent for services rendered.
A principal’s liability in a contract with a third party may arise from the authority given to the agent to act on
behalf of the principal.
An agent’s authority must be implied for the agent’s act to bind a principal.
A principal must ratify a contract to be bound to it.
If an agent acts within the scope of authority, a
principal is liable to a third party for contracts
made by the agent.
When a principal places an agent in a position to defraud a third party, the principal is liable for the agent’s
A principal cannot be held liable for an agent’s crime.
When the specific subject matter of agency is lost or destroyed, the agency terminates.