Agency Flashcards
hook: substitute clothes
What substitutes for actual authority exist to bind a principal to an agent’s contract?
RAApa
What substitutes for actual authority exist to bind a principal to an agent’s contract?
RAApa
Ratification, Adoption, or Apparent authority
hook: when another can put DIBs on it
How is agent’s actual authority terminated?
T-CAAP-DIB
How is agent’s actual authority terminated?
T-CAAP-DIB
Time (specified or reasonable), Change of circumstance, agent acquires Adverse interest, Agent says so, Principal says so (unless coupled w/an interest making it irrevocable), Death, Incapacity, Bankruptcy (unless coupled w/an interest)
hook: blues brothers needed an agent, while they were on a mission from God
What are an agent’s duties?
LORD-RC
What are an agent’s duties?
LORD-RC
fiduciary duties of Loyalty, Obedience to Reasonable Directions, and Reasonable Care under the circumstances
PPP think Ks are rad! + Common + Kanye make right
Can a P ratify an A’s contract?
3PAXA
KOM-AN-Cap
Can a P ratify an A’s contract?
3PAXA
KOM-AN-Cap
3PAXA = suing 3P on k, Accepting benefit of k, or eXpressly Affirming k
KOM-AN-Cap = Knowledge Of all Material facts, All or Nothing (P must accept entire transaction), Capacity (at time of ratification and original k b/c ratification is retroactive)
Cee labor + friends
How do you determine whether a tortfeasor was an employee or independent contractor?
Control-SWTR-LSP
How do you determine whether a tortfeasor was an employee or independent contractor?
Control-SWTR-LSP
right to Control details & performance, whether exercised, evidence includes:
Supplying Workplace & Tools, work is part of Regular business of employer, employment Long term, little Skill required, Payment made in regular intervals instead of by job
interfere w/ Kanye’s artists
When is a principal liable for an independent contractor’s torts?
Negligent-NO-ID
When is a principal liable for an independent contractor’s torts?
Negligent-NO-ID
principal Negligent in selecting contractor,
duty NOndelegable,
or
activity is Inherently Dangerous