Agency Operations

specific and expressly conferred authority and power that a principal gives an agent to perform actions on the principal's behalf

person acting on behalf of a principal in an agency relationship. The principal has the right to control the agent in all decisions.

situation in which a reasonable third party would believe that an agent had authority to act, whether or not the agent had actual authority

authority specifically given by a principal to an agent, either in writing or verbally, for direction of actions within the agency

agents' authority to perform acts that are reasonably necessary to accomplish the expressly stated tasks and directives of a principal

responsibility for a wrongdoing or act

principle indicating that a party has created a right or responsibility and that existing legal principles and parameters have imposed that right or responsibility.

person or business within an agency relationship that has authority and that has the right to control an agent as they complete the assigned tasks

formal rejection of something, such as a contract, relationship in business, or agreement between parties

doctrine stating that a principal may be liable to third parties for the actions, specifically the torts, of an agent if the torts were committed at the direction of and for the benefit of the principal

official cancellation of an agreement, business relationship, or contract between parties

boundaries of a particular agreement, such as the allowances and limits established within an agency relationship

violation of rights of an identifiable individual or business that has been wronged intentionally or by negligence. Common torts include defamation, nuisance, conversion, and negligence.

doctrine that holds the controlling party, or in an agency relationship, the principal, responsible for the harms committed by another (the agent)