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Barbri Review

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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Question
Answer
Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Issue   show
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show 1. A principal-agent relationship exists, and 2. Tort was committed by agent within scope of that relationship  
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show 1. Assent, 2. Benefit, 3. Control  
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Principal-agent relationship requires, Assent   show
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Principal-agent relationship requirement, Benefit   show
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show Principal has right to control, by having power to supervise the manner the agents of performance  
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Principal-agent relationship requirement, Control- Subagent   show
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Principal-agent relationship requirement, Control- Borrowed agents   show
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Principal-agent relationship, Agents v. Independent contractors   show
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Principal-agent relationship, Agents v. Independent contractors- Independent contractors   show
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Principal-agent relationship, Agents v. Independent contractors- Independent contractors, Exceptions   show
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Scope of principal-agent relationship factors, Conduct of the kind   show
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Scope of principal-agent relationship factors, "On the job"   show
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show Did agent intend to benefit the principal? Partial benefit is enough to be within scope  
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show Intentional torts like battery or assault are outside the scope  
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Agency- Liability of Principal for Torts of Agent Respondeat superior or Vicarious liability: Intentional torts, Exceptions   show
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Agency- Liability of Principal for Contracts Entered By Agents; Issue   show
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Agency- Liability of Principal for Contracts Entered By Agents; Test   show
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show Principal used words to express authority to agent  
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show Actual express authority can be oral and private  
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Agency- Liability of Principal for Contracts Entered By Agents; Types of authority: Actual express authority, Exception- Equal dignities   show
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Agency- Liability of Principal for Contracts Entered By Agents; Types of authority: Actual express authority, Revoked   show
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Agency- Liability of Principal for Contracts Entered By Agents; Types of authority: Actual express authority, Revoked- Exception   show
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Agency- Liability of Principal for Contracts Entered By Agents; Types of authority: Actual express authority, Narrowly construed   show
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show Authority which principal gives agent through conduct or circumstances  
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show Implied authority to do all tasks; Necessary to accomplish an express task (i.e. close the deal, allows renting a conference room to do so)  
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show Implied authority to do all tasks; Customarily performed by persons with the agent's title or position (i.e. lawyer)  
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show Implied authority to do all tasks; Which agent reasonably believes to have been authorized from prior practice with, and acquiescence by, principal (i.e. history of acquiescence)  
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Agency- Liability of Principal for Contracts Entered By Agents; Types of authority: Apparent authority   show
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Agency- Liability of Principal for Contracts Entered By Agents; Types of authority: Ratification   show
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Agency- Liability of Principal for Contracts Entered By Agents; Types of authority: Ratification, Exception   show
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Agency- Liability of Principal for Contracts Entered By Agents; Rules of liability on K: G/R   show
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show If principal is partially disclosed (only the identity of principal concealed) or undisclosed (fact of principal concealed), authorized agent may nonetheless be liable at the election of the third party  
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Duties Agent Owes To Principal- Reasonable compensation and reimbursement; Agents owes principals   show
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Agency- Duties Agent Owes To Principal; Reasonable compensation and reimbursement: Agents owes principals, Duty of loyalty   show
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show No formalities to being a general partnership  
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Partnership- General partnership formation; Definition   show
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show Sharing of profits; Partners contribute money or services for a share of profits, if any, the contribution of money or services in return for share of the profits, if any, creates a presumption that general partnership exists  
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show Partners are agents of partnership for apparently carrying on usual partnership business; General partnership is liable for each partner's torts in scope of partnership business and for each partner's authorized Ks  
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Partnership- Liabilities of general partners to third parties; Debts   show
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Partnership- Liabilities of general partners to third parties; Debts: Incoming partner's liability for pre-existing debts   show
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show Partner retains liability until actual notice of dissociation is give to creditor, or until 90 days after filing "notice of dissociation" with state  
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show One who represent to a third party that a general partnership exists will be liable as if a general partnership exists  
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Partnership- Rights and liabilities b/w general partners; General partners are fiduciaries of each other and partnership   show
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show Partnership may now bring action to recoup losses, or to account for profits made by breaching partner (disgorge)  
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Partnership- Rights and liabilities b/w general partners; Partner's rights in partnership property and liquidity: Specific partnership assets   show
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Partnership- Rights and liabilities b/w general partners; Partner's rights in partnership property and liquidity: Share of profits   show
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Partnership- Rights and liabilities b/w general partners; Partner's rights in partnership property and liquidity: Share in management   show
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show In order to determine whether fact pattern involves property owned by partnership or personal property owned by an individual partner  
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show Whose money was used to buy property, if partnership money was used, the property is partnership, if personal funds were used, it becomes personal property  
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Partnership- Rights and liabilities b/w general partners; Management   show
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Partnership- Rights and liabilities b/w general partners; Salary   show
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Partnership- Rights and liabilities b/w general partners; Salary: Exception   show
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Partnership- Rights and liabilities b/w general partners; Partner's share of profits and losses   show
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Partnership- General partnership dissolution; Key definitions: Dissolution   show
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show Termination  
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show Remaining partners liquidate assets to satisfy creditors  
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show The partnership and therefore its individual general partners retain liability on- All transactions entered to wind up old business with existing creditors  
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Partnership- General partnership dissolution; Partnership's liability: New business   show
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show Each level satisfied before beginning next  
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Partnership- General partnership dissolution; Priority of distribution: Order of priority   show
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show 1. Trade creditors, suppliers, and 2. Partners who loaned money  
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Partnership- General partnership dissolution; Priority of distribution: Order of priority, Capital contributions   show
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show Any money remaining, shared equally in the absence of an agreement  
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show Each partner must be repaid his/her loans and capital contributions, plus that partner's share of any profits, or minus that partner's share of any losses  
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Partnership- Alternative unincorporated business organizations; Limited partnerships   show
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show Limited liability forms must file "limited partnership certificate" that includes names of all general partners  
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show General (substantial managerial) control, and general liability  
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Partnership- Alternative unincorporated business organizations; Limited partnerships: Liability and control, Limited partners (majority)   show
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show Limited partners may manage without forfeiting limited liability  
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Partnership- Alternative unincorporated business organizations; Registered limited liability partnership (RLLP): Formation   show
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show No partner is liable for partnership obligations, but they are liable for own wrongdoing, or wrongdoing of those under their direct supervision  
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show A hybrid b/w corporation and partnership in which owners who are called members have limited liability and also benefits of partnership tax treatment  
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Partnership- Alternative unincorporated business organizations; Limited liability companies (LLC): Formation requirements   show
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show Owners (members) control, but may delegate to a team of managers  
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show A full membership interest may not be transferred without unanimous consent of all members, or as provided in the operating agreement  
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show The articles of organization or operating agreement must indicate events of dissolution  
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show Limited liability + limited liquidity + limited life + Limited tax  
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Created by: dmoore147
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