Agency Flashcards

1
Q

Duties of an Agent to a Principal

A

Duty of Loyalty
Duty to Obey Instructions
Duty of Care
Duty to Provide Information

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2
Q

Components of the Duty of Loyalty

A
Restriction of Outside Benefits
Confidential Information
No Competition with Principal
No Conflict between Principals
No Secret Dealing
Appropriate Behavior
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3
Q

Duties of a Principal to an Agent

A

Reimbursement

Cooperation

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4
Q

Requirements of an Agency Relationship

A
Principal (P)
Agent (A)
Mutual Consent
Control
Fiduciary Relationship
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5
Q

Agent’s Liability for Contracts of Principal

A
Fully Disclose P (only P liable)
Partially Disclose P (A and P are jointly and severally liable)
Undisclosed P (A and P are jointly and severally liable)
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6
Q

Fully Disclosed P

A

Existence and Identity of P is revealed

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7
Q

Partially Disclosed P

A

Existence but not the Identity of the P is revealed.

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8
Q

Undisclosed P

A

Plaintiff can find out about a Undisclosed P during the discovery process and add them to the complaint

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9
Q

Factors the Court Considers When Determining Whether P is Liable for the Torts of A

A

Whether the act occurred during business hours
Whether the act is part of P’s general business
Whether the act is similar to one authorized by P
Whether P supplied the tools
Whether the act is seriously criminal

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10
Q

Factors

A

Do not need to prove all of them (not elements)

Court will consider in totality of circumstances

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11
Q

Individual

A

An individual is always liable for his/her own negligence and intentional torts

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12
Q

When is a P liable for the Torts of and A

A

When the A has acted within the scope of employment

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13
Q

Seriously Criminal Act

A

It usually severs the P liability

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