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Agency (Torts (3rd Party v. Agent (Individuals are always liable for their…
Agency
Torts
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3rd Party v. Principal
Agent is the employee
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strict liability doctrine, so no defenses
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Contracts
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3rd Party v. Principal
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Types of Authority: Actual, Apparent, Ratification
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Creating an agency relationship: Principal assents to Agent to act on the Principal's behalf. Agent must also assent to act.
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Employer has the right to control the details of the conduct of its employee as to the result and the means to the result.
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Partnership
Creation
Limited = General or Limited Partners & Filed a certificate of limited partnership with secretary of state
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Working Life
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Partners' Powers
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Authority: Express, Apparent, Restrictions
Dissociation/Dissolution
Dissociation = a partner's separation from the partnership including death, withdrawal, bankruptcy, or expulsion
Dissolution = partnership continues after dissolution only for the purposes of winding up the business
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