j. The Agent has Fiduciary Obligations to the Principal; they must act in the Principal’s best interest…
3) A person who contracts with a principal to perform a task according to her or his own methods, and who is not under the principal’s control regarding the physical details of the work is called a/an:…
Under the basic doctrine of agency, the principal is allowed to reap the beneficial harvest of the agent’s actions made on his or her behalf. For example, assume an agent has agreed to be paid a set salary of $100 for selling certain kinds of goods. The principal gets to keep the net profits from that agent’s selling activities, be they $100…
Was there an actual agency if “there has been a manifestation by the principal to the agent that the agent may act on his account, and consent by the agent so to…
The legal relationship between an employer and an employee is called agency. The employer is called the principal when engaging someone to act for him. The person who does the work for the employer is called the agent. The theory behind respondeat superior is that the principal controls the agent 's behavior and must then assume some responsibility for the agent 's actions (Phelps & Lehman 2005).…
Agency is a fiduciary relationship which results from the manifestation of consent by one person to another that the other shall act on his behalf and subject to his control and consent by the other to so act.…
My Agent shall have full power and authority to act on my behalf. This power and authority shall authorize my Agent to manage and conduct all of my affairs and to exercise all of my legal rights and powers, including all rights and powers that I may acquire in the future. My Agent's powers shall include, but not be limited to, the power to:…
‘An agency relationship exists when one or more individuals (called principals) hire others (called agents) in order to delegate responsibilities to them’ (Baiman (1990: 342)) Agency relationships are administrated by implicit or explicit contracts between agents and principals. The assumption of agents’ self – interest which contradicts with the principals’ interest is the basis of the agency problem.…
Principal authorizes Agent to enter into legal transactions (contract) with Third Party on Principal’s behalf Agency relationship between P and A…
one of the Client\ 's authorised officers, use, sell, market, or disclose any Confi dential…
(2) When the principal entrusts to him by letter or telegram a power of attorney with respect to the business in which he is habitually engaged as an agent, and he did not reply to the letter or telegram. (n)…
The expression agency is used to connote the relation which exists where one person has an authority or capacity to create legal relations between a person occupying the position of principal and third parties.1…
Any person who has entered in to a contract of services to employ any other person as an employee and this includes the agent, manager or representative.…
Agency is an agreement, express or implied, by which the principal entrusts to the agent, the management of the business; to be transacted in his name, or on his account, and by which the agent assumes to do the business and to render an account of it.…
Graphic Lines Pte Ltd v Chai Chee Mein states that apparent authority can arise where the principal makes a third party believe that the agent can act on his behalf.…