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Agency, Corporations - Coggle Diagram

- - - - Agent not liable
    - - Agent liable
    - - Agent personally liable
  - - - Apparent
      - Ratification
      - Actual
- - - - Respondeat superior
      - Employer/employee jointly/severally liable
      - Employer's liability in addition to agent's
      - Strict liability
    - - No liability generally
      - Except:
        inherently dangerous activities
        nondelegable duty
        loaned agent
        negligent selection of contractor
- - - - Limited
        
        General partners manage business and personally liable w/out limitation for obligations
        
        Limited partners contribute capital and share profits but take no part in control of business
      - General
        
        Association of 2+ people to carry on as cowers of business
    - - Partner's separation from partnership
      - Partnership continues after dissolution for purposes of winding up business
    - - Remuneration
      - Liability
      - Partners' powers
    - - Includes reducing partnership assets to cash and distrubting
      - Assets sold and distributed in order: costs of sale, outside creditors, inside creditors, capital contributions, profits