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Agency Relationship between principal and agent (Types of Agencies…
Agency
Relationship between principal and agent
Authority of Agent and Liability of Principal
Implied Authority
Apparent Authority and Estoppel
Express Authority
Relationships
Agency Relationship (trust)
Employer-Employee Relationship
Employer-Independent Contractor Relationship
Principal-Agent Relationship
Types of Agencies
Durable Power of Attorney
Agency By Implied Authority
Power of Attorney
Agency By Estoppel
Expressed Agency
Agency By Ratification
Requirements:
-Individual must misrepresent as agent
-Principal accepts unauthorized act
-Principal has complete knowledge of contract
-Principal must ratify entirety of agent’s act
Duties and Rights
Duties To Principal
Duties To Agent
Rights Against Principal
Rights Against Agent