Agency Rules and Powers Quiz

1. Agreement 2. Ratification (§ 82 and § 4.01) retroactive approval of an unauthorized act 3. Estoppel (§ 8B and § 2.05) when the P is prohibited from denying the existence of the agency.

Determine the characters: P, A, TP.

An agency, in the context of contract law, is a relationship that arises when there is 1) a manifestation of assent from P to A that A will act on P’s behalf and subject to P’s control; and 2) A manifests assent to so act (R2d § 1 or R3d § 1.01).

<p>A person manifests assent through written or spoken words or other conduct (R3d § 1.03).</p> Signup and view all the answers

<p>Determining if the agent had the power to bind the principal in a contract.</p> Signup and view all the answers