Formation of Agency Relationship Flashcards
1
Q
What are the requirements for an agency relationship to be formed?
A
P appoints A to:
1) act on P’d behalf
2) AND A consents to act
3) subject to P’s control
2
Q
What level of capacity required for P?
A
Contractual capacity
3
Q
What level of capacity required for A?
A
Minimal capacity
4
Q
Is writing required to form agency relationship?
A
No but advisable due to SoF considerations (i.e., equal dignities rule, etc.)
5
Q
Is consideration required to form agency relationship?
A
No
6
Q
What general methods can an agency relationship be created through?
A
1) act of the parties
2) by operation of law (estoppel & statute)
7
Q
A
8
Q
A
9
Q
A
