Asked by
PHOEBE KATES MARTINEZ
on Nov 28, 2024Verified
Rosa introduces Sol to her friend Trey as "my associate." Sol purports to act as Rosa's agent in a business transaction with Trey. If Rosa is liable for Sol's actions, it will be because their relationship is
A) an agency by agreement.
B) an agency by estoppel.
C) an agency by operation of law.
D) not an agency relationship.
Agency by Estoppel
A legal doctrine where a person is prevented by their own actions from denying they are an agent for someone else, leading others to rely on that representation.
Liable
Being legally responsible for something, especially in terms of owing money or being subject to legal action for wrongdoing.
Associate
A person typically involved in a professional firm or organization with a certain level of membership or status, but not a full partner.
- Identify different forms of agency and the conditions under which each is established.
Verified Answer
TM
Learning Objectives
- Identify different forms of agency and the conditions under which each is established.