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Agency
Agency!
23
Law
Not Applicable
05/29/2012

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Term

Agency (1)

 

What is the test for vicarious liability between Agent ("A") and Principal ("P")?

Definition
1) P will be liable if the P/A relationship exists. 2) AND the tort was committed by A within the scope of that realtionship
Term

Agency (2)

What three things are required for the P/A relationship to exist?

Definition
Agreement to create P/A relationship (assent), A's conduct will further P's objectives (Benefit), P retains the power to supervise the manor and method of A (Control)
Term

Agency (3)

How do we know an act is within the scope of the Agency relationship?

Definition
1) when A's conduct is within the job description of A, OR 2) if A even partially intended to benefit P or 3) if a substantial purpose of P is being served.
Term

Agency (4)

What is the difference between a Frolic and a Detour?

Definition
Frolic - new and independent journey/major deviation from P's direction that is outside the scope of the agency relationship
Detour - near departure from assigned task/minor deviation from P's direction that is inside the scope of the agency relationship.
Term

Agency (5)

What is the relationship between A and P's liability in tort?

Definition
Joint and several liability.
Term

Agency (6)

What is the general rule of liability in P/A relationship with Intentional torts?

Definition
Intentional torts are outside the scope of P/A relationship
Term

Agency (7)

What are the exceptions to the general rule concerning Intentional torts?

Definition
1) P authorized the IT, 2) the IT was a natural incident to carrying out P's directions or 3) A was motivated by a desire to serve P.
Term

Agency (8)

What is a sub-agent and when is P liable for the actions of one?

Definition
Sub-Agent is hired by A to assist in a task A was assigned by P. P is liable when it Assents to, benefits and controls the sub-agent either directly or indirectly.
Term

Agency (9)

What is the key distinction between Independent contractors and A?

Definition
P does not have the power to supervise the maner and method of IC's performance.
Term

Agency (9)

When will P be VL for torts of an IC?

Definition
When IC is performing an ultra-hazardous/inherently dangerous work OR in a case of Estoppel (P makes out that a P/A relationship exists between P and IC and TP reasonably relies.
Term

Agency (10)

When is P liable for contracts A entered into?

Definition
when P has legal capacity and authorized A to enter into the contract.
Term

Agency (11)

Define: Actual Express Authority

Definition
Authority expressly granted, can be oral/private
Term

Agency (12)

When does Actual Express Authority have to be expressed in writing?

Definition
When A is entering into a contract for land lasting longer than 1 year.
Term

Agency (13)

How can Actual Express Authority be revoked?

Definition
1) unilateral act by P or A 2) Death of P 3) incapacity of P
Term

Agency (14)

when will incapacity not revoke Actual Express Authority?

Definition
When there exists a durable power of attorney.
Term

Agency (15)

What is Actual Implied Authority?

Definition
It is authority that arises through the circumstances or conduct of P
Term

Agency (16)

What are the three situations where Actual Implied Authority can arise?

Definition
1)Necessity, 2) custom 3) prior dealings
Term

Agency (17)

What is the test for apparent authority?

Definition
1) P cloaked A with the appearance of authority and 2) TP reasonably relied upon the appearance of authority.
Term

Agency (18)

What is the test for ratification?

Definition
1) P has knowledge of all material facts regarding the contract, 2) P accepts the contract's benefits, 3) P did not alter the terms of the contract (contract must be ratified as is)
Term

Agency (19)

When is P held liable for A's contracts and when is A held liable?

Definition
P is liable for all authorized contracts, A is liable for all unauthorized contracts, A MAY be liable by the election of TP in cases of a Partially Disclosed or Un-Disclosed P.
Term

Agency (20)

What duties does A owe P?

Definition
A owes P fiduciary duties: Loyalty, Obedience, Reasonable Care
Term

Agency (21)

What three acts can A do to violate it's fiduciary duty of loyalty to P?

Definition
1) Self dealing, 2) usurp P's opportunity 3) earn secret profits
Term

Agency (22)

what may P recover in relation to A's breach of A's fiduciary duties?

Definition
1) losses due to the breach 2) disgorgement of A's profits.
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