Express, Implied, And Apparent Agency Relationships
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Write an analysis in a minimum of 1,200 words in which you include the following:
¥ Analyze and discuss the difference between express, implied, and apparent agency relationships. ¥ Describe when an agent may be liable for tort when acting on behalf of a principal. ¥ Describe when a principal may be liable for tort when an agent is acting on behalf of a principal. ¥ Identify and describe how an agency relationship is terminated. Cite a minimum of 3 scholarly references. Format your paper consistent with APA guidelines. Click the Assignment Files tab to submit your assignment as a Word document.
Agency law is defined as a body of common law that is a mixture of contract and tort law...An agency relationship is defined as a fiduciary relationship in which consists of Òmanifestation of consent by one party to anotherÓ for the .... (Cheeseman, 2006). This agency relationship can take the form of express, implied, and apparent relationships. These ...one party authorizing the other party to act in his or her interest. This relationship is formed through formal agreements such as contracts, writing, or verbally spoken in ... is told to buy furniture for the office using the company funds. The defining factor for express agency relationships...