Agency Rules and Powers Quiz
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Explain the three ways to create agency according to the given text.

  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.

What is the first step in writing an agency essay according to the given text?

Determine the characters: P, A, TP.

Define agency in the context of contract law.

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).

How does a person manifest assent according to the given text?

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

What is the focus of determining liability in agency essays related to contract law?

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

More Like This

Business Organizations Quiz
3 questions
Business Organizations Quiz
34 questions
Business Organizations and Conflict Resolution
44 questions
Use Quizgecko on...
Browser
Browser