Asked by
Mackenzie Brown
on Nov 01, 2024
Verified
Agency is a fiduciary relationship between an agent,a principal,and a third party.
Fiduciary Relationship
A relationship based on trust such as exists between an attorney and a client, an agent and a principal, a guardian and a ward, a trustee and a beneficiary, or a director and a corporation.
Principal
A person who authorizes an agent to act on her or his behalf and subject to her or his control.
- Acquire knowledge on the doctrine of respondeat superior and how it applies to torts occurring within the scope of employment.
- Contrast express, implied, apparent, and incidental authority as types of agency relationship authority.
- Achieve insight into the rights and obligations of parties involved in agency affiliations, including financial compensation and liability for contracts.
Verified Answer
RM
Learning Objectives
- Acquire knowledge on the doctrine of respondeat superior and how it applies to torts occurring within the scope of employment.
- Contrast express, implied, apparent, and incidental authority as types of agency relationship authority.
- Achieve insight into the rights and obligations of parties involved in agency affiliations, including financial compensation and liability for contracts.