Agency

Question 1

Agents have what right

Answer 1

to bind you in a contract

Question 2

duties of a principal to an agent

Answer 2

• Pay their fee

- pay their expenses(disbursement)

Question 3

Duties of an agent to Principal

Answer 3

1. Agents have a fiduciary Duty
2. Utmost good faith Contracts
3. Obligation to communicate (On going business)
4. Obey all lawful instructions
5. Duty of Confidentiality
6. Duty to account for funds
7. Duty to maintain professional Standard
8. not to delegate without consent

Question 4

What are the 4 types of Agency

Answer 4

1. Agency by express agreement
2. Agency by conduct
3. Agency by necessity
4. Agency by ratification

Question 5

Agency by express agreement

Answer 5

common agent

Question 6

Agency by conduct

Answer 6

Principal cause confusion

Question 7

Agendy by necessity

Answer 7

Perishable good +unable to get instructions

-Gain agent status and you must sell if these 2 things apply

Question 8

Agency by ratification

Answer 8

retroactive (not part of the company then becomes part of the company)

Question 9

Employment standards act

Answer 9

Employee is under "direction and control of an employer"
Factors:
-tools
-method of payment
-other contracts
-minimum standards
-minimum wage

Question 10

Leave

Answer 10

-jury duty
maternity leave- 17 weeks
parental leave -35 weeks
Family leave-5 days
Bereavement Leave 3 days

Question 11

Dismissal for cause

Answer 11

-dishonest or misconduct( 1 incident)
-Disobedience requires repetition and documentation
-Incompetence -repetition documentation and remediation
Sickness unable to do job unless you can accomidate

Question 12

Dismissal without cause (layoff)

Answer 12

<3 no notice

Question 13

Wrongful dismissal

Answer 13

wasn’t properly fired

Damages -severance pay