agency Flashcards

1
Q

agency

A

established by assent between agent and principal, benefit to principal, and right to control the agent

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2
Q

sub-agent

A

typically principal doesn’t assent to sub-agent’s help and does not control sub-agent, so usually no vicarious liability

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3
Q

borrowed agent

A

typically borrowing principal assents to and benefits from agent, but does not assume right to control, so does not have vicarious liability

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4
Q

Independent contractor

A

usually no right to control so no vicarious liability

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5
Q

vicarious liability for independent contractors

A

ultra-hazardous activities

estoppel - you hold out independent contractor with appearance of agency, you’ll be estopped from denying liability

non-delegable duties

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6
Q

scope of principal-agent relationship factors

A

was conduct of the kind agent was hired to perform? scope of duties, job descriptions

did the tort occur on the job? detour v. frolic

did the agent intend to benefit the principal?

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7
Q

equal dignities

A

if. contract must be in writing (statute of frauds), the express authority must be in writing as well

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8
Q

actual implied authority

A

necessity - necessary to accomplish express task

custom - customarily performed by persons with the agent’s title or position

prior acquiescence by principal - agent reasonably believes they are authorized due to history of acquiescence

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9
Q

apparent authority

A

principal cloaked agent with appearance of authority and third party reasonably relies on appearance of authority

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10
Q

ratification

A

principal has knowledge of all material facts of contract and accepts its benefits

cannot alter terms

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11
Q

duties agent owes to prinicipal

A

reasonable care

obey reasonable instructions

loyalty (no self-dealing, usurping opportunity, secret profits)

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