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