Term
|
Definition
When one person manifests an intention that another person (agent) shall act on his behalf |
|
|
Term
Liability of principal to 3rd parties of torts by agent |
|
Definition
Principal will be liable for agent's tort if:
1. principal/agent relationship exists (ABC)
a. Assent - informal agrmnt between principal & agent
b. agent's conduct MUST be for principal's benefit
c. right to control agent, by power to supervise, allowing agent to use Ps tools, basis of compensation (paid by job = IC, paid hourly = agent)
|
|
|
Term
Liabilities of pricipal to 3rd party (2) |
|
Definition
2. wheter tort was committed w/in scope of relationship:
a. was conduct w/in job description
b.did tort occur on Frolic or Detour
frolic = major deviation; detour = small deviation
c. Did agent intend to benefit principal |
|
|
Term
Liability of Principal's for Ks entered into by Agents |
|
Definition
Actual authority
Apparent authority
Ratification |
|
|
Term
|
Definition
Express authority or implied authority
express = words to express authority
implied - agent rx believes P has given him authority
Equal dignities doctrine = if K itself must be in writing so must the express authority |
|
|
Term
|
Definition
1. Princ. cloaked agent w/ apparent authority
2. 3rd party rx relies on appearance of authority
--
lingering authority - actual authority has been terminated, however, agent continues to act on Ps behalf, P still liable b/c they cloaked agent |
|
|
Term
|
Definition
1. Principal has knowledge of facts
2. principal accepts its benefits
3. CA = cannot alter the terms of K |
|
|
Term
Duties agent owes principal |
|
Definition
1. duty to exercise rx care
2. duty to obey rx instructions
3. duty of loyalty -- no self dealing
no usurping principal's opportunity
no secret profits |
|
|