Agency Flashcards
_______ is the fiduciary relationship that arises when one person (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
Agency
Agency is the ________ __________ that arises when one person (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
fiduciary relationship
Agency is the fiduciary relationship that ______ ______ one person (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
arises when
Agency is the fiduciary relationship that arises when ____ _______ (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
one person
Agency is the fiduciary relationship that arises when one person (___ ________) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
a principal
Agency is the fiduciary relationship that arises when one person (a principal) ________ _______ to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
manifests assent
Agency is the fiduciary relationship that arises when one person (a principal) manifests assent ___ ________ (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
to another
Agency is the fiduciary relationship that arises when one person (a principal) manifests assent to another (___ _______) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
an agent
Agency is the fiduciary relationship that arises when one person (a principal) manifests assent to another (an agent) that the ____ _____ _____ on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
agent shall act
Agency is the fiduciary relationship that arises when one person (a principal) manifests assent to another (an agent) that the agent shall act on the _______ _______ and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
principal’s behalf
Agency is the fiduciary relationship that arises when one person (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and _______ ____ ____ _______ ______, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
subject to the principal’s control
Agency is the fiduciary relationship that arises when one person (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the _____ _______ ________ or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
agent manifests assent
Agency is the fiduciary relationship that arises when one person (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or ______ ________ so to act. RSTMT 3rd of Agency §1.01.
otherwise consents
Agency is the fiduciary relationship that arises when one person (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents ___ ___ _____. RSTMT 3rd of Agency §1.01.
so to act
Agency is the:
fiduciary relationship that arises when one person (a principal) manifests assent to another (an agent) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act. RSTMT 3rd of Agency §1.01.
Under this ____ ingredient test, all ______ elements (mutual assent; to act on the principal’s behalf; subject to the principal’s control) must be present.
3
3
Under this 3 _______ _____ all three ______ (mutual assent; to act on the principal’s behalf; subject to the principal’s control) must be present.
ingredient test
elements
Under this 3 ingredient test, all three elements (_____ _______; to act on the principal’s behalf; subject to the principal’s control) must be present.
mutual assent
Under this three- ingredient test, all three elements (mutual assent; ____ ___ ___ ____ _____ ______; subject to the principal’s control) must be present.
to act on the principal’s behalf
Under this three- ingredient test, all three elements (mutual assent; to act on the principal’s behalf; _____ ____ ___ _____ ______) must be present.
subject to the principal’s control
Under this three- ingredient test, all three elements (mutual assent; to act on the principal’s behalf; subject to the principal’s control) ____ ____ _____.
must be present
Both the ______ and the ______ must assent to the arrangement.
principal and the agent
Both the principal and the agent must ______ to the ________.
assent to the arrangement
_______ may be manifested through written or spoken word or through other conduct. RSTMT 3rd of Agency § 1.03.
assent
Assent ____ ____ manifested through written or spoken word or through other conduct. RSTMT 3rd of Agency §1.03.
may be
Assent may be manifested through _______ or _______ ______ or through _______ ______. RSTMT 3rd of Agency §1.03.
written or spoken word or through other conduct
Assent may be:
manifested through written or spoken word or through other conduct. RSTMT 3rd of Agency §1.03.
Additionally, the ____ _____ that one party benefits from another’s action is not sufficient to show a principal-agent relationship existed. See Yost v. Wabash College.
mere fact
Additionally, the mere fact that _____ ____ benefits from another’s action is not sufficient to show a principal-agent relationship existed. See Yost v. Wabash college.
one party
Additionally, the mere fact that one party ______ _______ another’s action is not sufficient to show a principal-agent relationship existed. See Yost v. Wabash college.
benefits from
Additionally, the mere fact that one party benefits from ______ ________ is not sufficient to show a principal-agent relationship existed. See Yost v. Wabash college.
another’s action
Additionally, the mere fact that one party benefits from another’s action ___ ___ _______ to show a principal-agent relationship existed. See Yost v. Wabash college.
is not sufficient
Additionally, the mere fact that one party benefits from another’s action is not sufficient ___ ___ ____ principal-agent relationship existed. See Yost v. Wabash college.
to show a
Additionally, the mere fact that one party benefits from another’s action is not sufficient to show a ______ _____ ______ _______. See Yost v. Wabash college.
principal-agent relationship existed
Finally, the _____ ________ ability for one to control the other is not sufficient; the principal must exercise actual control. See United States v. Bonds; Yost.
mere hypothetical
Finally, the mere hypothetical ability for _____ to ______ the _______ is not sufficient; the principal must exercise actual control. See United States v. Bonds; Yost.
one to control the other
Finally, the mere hypothetical ability for one to control the other ____ ____ ______; the principal must exercise actual control. See United States v. Bonds; Yost.
is not sufficient
Finally, the mere hypothetical ability for one to control the other is not sufficient; the ______ must exercise actual control. See United States v. Bonds; Yost.
principal
Finally, the mere hypothetical ability for one to control the other is not sufficient; the principal _____ _______ ____ _______. See United States v. Bonds; Yost.
must exercise actual control
Employee v. Independent Contractor
________ v. __________
agent v. non-agent
_________ v. _______ _____
agent v. non-agent
employee v. independent contractor
Generally, all _______ are _______, but not all _______ are _______.
employees are agents
agents are employees
There is no firm definition of _________ under the Restatement (Third) of Agency.
employee
There is no _____ _______ of employee under the Restatement (Third) of Agency.
firm definition
The central consideration is the ______ of the _______ to control the conduct of the employee.
right of the employer
The central consideration is the right of the employer to _______ the _______ of the employee.
control the conduct
The central consideration is the right of the employer to control the conduct of the ________.
employee
There is no firm definition of “employee” under the Restatement (Third) of Agency. The central consideration is:
the right of the employer to control the conduct of the employee.
__________ of “continuing relationship” and a continuing set of duties that employers and employees owe to one another.
contemplation
Contemplation of _______ _______ and a continuing set of duties that employers and employees owe to one another.
continuing relationship
Contemplation of continuing relationship and a ______ ____ ___ _____ that employers and employees owe to one another.
continuing set of duties
Contemplation of continuing relationship and a continuing set of duties that ______ and _______ owe to one another.
employers and employees
________ retained as the need arises generally are not employees.
agents
Agents ______ as the need arises generally are not employees.
retained