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Business Transactions - Coggle Diagram
Business Transactions
agency
Definition
Torts
3rd Party v. principal
agent is employee: Respondeat superior
agent is independent contractor: no liability
3rd party v agent
Agent v principal: individuals always liable
principal v agent: agent liable for breach of duty
Contracts
3rd Party v. principal
types of authority
actual
apparent
ratification
3rd party v agent
disclosed v undisclosed principal
Agent v principal
contractual duties owed to agenty
compensate
indemnify
reimburse
cooperate
principal v agent
1.) Who is suiting whom? 2.) Tort or contract?