BUL 3310 Legal Environment of Business Agency © 2011 Darren A. Prum, MBA, JD.

BUL 3310 BUL 3310 Legal EnvironmentLegal Environment

of Businessof Business

AgencyAgency

© 2011 Darren A. Prum, MBA, JD

BUL 3310 AgencyBUL 3310 Agency

Agency - Agency - “the fiduciary relation [that] results from the “the fiduciary relation [that] results from the

manifestation of consent by one person to another that the other manifestation of consent by one person to another that the other shall act in his behalf and subject to his control, and consent by shall act in his behalf and subject to his control, and consent by the other so to act” (Restatement of Agency 2d)the other so to act” (Restatement of Agency 2d)

AgentAgent PrincipalPrincipal Fiduciary RelationshipFiduciary Relationship



Types of RelationshipsTypes of Relationships Employer-EmployeeEmployer-Employee Employer-Independent ContractorEmployer-Independent Contractor Determining an Employee’s StatusDetermining an Employee’s Status



FormationFormation

Scope of AuthorityScope of Authority ActualActual

ApparentApparent RatificationRatification



Liability for ContractsLiability for Contracts

Liability for TortsLiability for Torts



TerminationTermination Act of the PartiesAct of the Parties

Operation of LawOperation of Law


BUL 3310 Legal Environment of Business Agency © 2011 Darren A. Prum, MBA, JD.

Documents

Transcript of BUL 3310 Legal Environment of Business Agency © 2011 Darren A. Prum, MBA, JD.