Ch 30 Flashcards
Undisclosed principals liability
510
an agency in which a contracting third party does not know of either the existence of the agency or the principle’s identity
undisclosed agencies are lawful.
respondent superior
505
a rule stating that an employer is liable for the tortious conduct of its employees or agents while they are acting within the scope of the employer’s authority
let the master answer
respondent superior
505
constructive notice of termination
498
to any third party who has knowledge of the agency but with whom the agent has not dealt
agents liability on contract -
fully disclosed agency
509-511
an agency in which a contracting third party knows (1) that the agent is acting for a principal and (2) the identity of the principal.
agent is not liable on the contract, however, because the third party relied on the principal’s credit and reputation when the contract was made.
agents liability on contract -
partially disclosed agency
509-11
an agency in which a contracting third party know that the agent is acting for a principal but does not know the identity of the principal
both the principle and the agent are liable on third-party contracts
agents liability on contract -
undisclosed agency
509-511
an agency in which a contracting third party does not know of either the existence fo the agency or the principal’s identity
both the principal and the agent are liable on the contract with the third party because the agent, by not divulging agency status, becomes a principal to the contract.
classifications of agencies
509-10