Term
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Definition
| Legal relationship in which one person is authorized to alter another's legal relationships. |
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Term
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Definition
| One who is authorized to alter the legal relations of another. |
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Term
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Definition
| One who authorizes another to alter his or her legal relations. |
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Term
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Definition
| One who deals with an agent who represents the principal. |
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Term
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Definition
| The range of acts authorized by the principal. |
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Term
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Definition
| Legal requirement that the agent serve the best interests of the principal; specific fiduciary duties are loyalty and obedience, reasonable care and skill, confidentiality, and accounting. |
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Term
| warranty of the principal's capacity |
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Definition
| Assumption of the law that the agent promises the third party that the principal has capacity. |
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Term
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Definition
| Agency relationship where the agent receives no consideration. |
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Term
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Definition
| Directly communicated by the principal to the agent. It may be oral or written. |
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Term
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Definition
| Any writing that appoints someone as an agent, not necessary to be an attorney-at-law. |
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Term
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Definition
| Agency authority that is implied from the grant of express authority or because of an emergency. |
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Term
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Definition
| Created when a principal leads the third party to reasonably believe that a particular person has agency authority. It must always come from the principal's words or conduct. |
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Term
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Definition
| To approve a previously unauthorized act, or an act outside the agent's scope of authority. |
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