Is the work usually under employers supervision does

Info icon This preview shows pages 17–20. Sign up to view the full content.

View Full Document Right Arrow Icon
Is the work usually under Employer’s supervision? Does Employer provide the tools Has the worker been employed a long time? Is the worker paid at the end of the job? Is there a great deal on skill required? How is an Agency Formed? Generally, agency relationships: Are consensual Require no consideration  Require principal to have contractual capacity (agent does not) Can be created for any legal purpose Agency by Agreement Formed through express consent (oral or written) or implied by conduct Agency by Ratification Principal either by act or by agreement ratifies conduct of a person who is not in fact an  agent. Agency by Estoppel Principal causes a third person to believe that another person is the Principal’s Agent,  and the third person acts to her detriment in reasonable reliance on that belief. Agency by Operation of Law
Image of page 17

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

View Full Document Right Arrow Icon
Based on social duty is formed in certain situations when the Agent is unable to contact  the Principal. Necessaries. Emergencies. Duties of Agent and Principal Actual  Authority:  express or implied. Apparent  Authority:  estoppel, emergency and ratification. Actual Authority (Express): Can be oral or written. Equal Dignity Rule :  if law requires written contract, agent’s authority must be in writing,  or contract voidable.   Exceptions: Executive Officer acting for Corporation. Agent acts in Principal’s presence Power of Attorney (POA) gives agent express authority. POA is a written document and usually notarized. Special POA: specified acts only. General POA: all business for principal. Terminates on principal’s death or incapacity. Actual Authority (Implied). Agent has implied power to do what is reasonably necessary to carry out express  authority.  Inferred or conferred by custom, or agent’s position Test is whether agent reasonably believed she had authority to do the act Apparent Authority. Arises based on what principal causes a THIRD party (not agent) to believe. 
Image of page 18
Agent has apparent authority when principal, by either word or act, causes 3rd party to  reasonably believe that Agent has authority to act for Principal.    Apparent authority usually comes into existence through a principal’s pattern of conduct  over a period of time. If 3rd party changes legal position by relying on principal’s representations, principal is  estopped  (prevented) from denying agent had authority to contract. Ratification. Occurs when principal accepts responsibility for an agent’s unauthorized act (express or  implied).
Image of page 19

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

View Full Document Right Arrow Icon
Image of page 20
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern