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Chp 16

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Power of Attorney   show
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What power does a Power of Attorney have?   show
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Agency Relationship   show
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Principles   show
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How are employees agents of the principle, but not all agents are employees?   show
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show A relationship in which the principle (master) exercises a great deal of control over the agent (servant)  
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What factors determine whether a Master-Servant relationship exists?   show
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show Acts on behalf of another to perform a task but is not under the direct control of the other person  
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show Ex, A subcontractor hired to perform partial work on a construction site  
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show They have less responsibility for independent contractors because they have little control over a contractor's conduct  
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show A compilation of the common law of agency followed by the majority of states, in regard to the agent-principle relationship  
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What areas are examined in Agency Law?   show
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Express Authority   show
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Express Contract   show
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show It does not need to recorded to show evidence of the agreement, but is in the best interest for both employer and employee  
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Capacity   show
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show Allows an individual to appoint someone to manage their finances and other important matter on their behalf  
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show A group that acts as an entity but has no legal existence  
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show Charitable organizations, such as churches  
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show An extension of express authority by custom  
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show Express and Implied Authority  
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Apparent Authority or Agency by Estoppel   show
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Ratification   show
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Created by: JCWolfe25