Chapter 22 - Agency Law. After completing this chapter, students will be able to: Describe the nature of the agency relationship, outline the doctrine of vicarious liability, distinguish among the different types of principals, distinguish among the different types of agents,. | Business Law with UCC Applications,13e Agency Law Chapter 22 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives Describe the nature of the agency relationship. Outline the doctrine of vicarious liability. Distinguish among the different types of principals. Distinguish among the different types of agents. Distinguish among express, implied, and apparent authority. Learning Objectives Outline the duties of an agent to the principal. Clarify the duties that a principal has in relation to an agent. Name the ways that an agency relationship can be terminated. Identify who is entitled to a notice that an agency has ended. Explain electronic agency. Agency Law The Nature of Agency Law Agency and Other Relationships The Question of Liability Agency Law Agency and Other Relationships Principal-Agent Relationship Employer–Employee Relationship Master–Servant Relationship Proprietor–Independent Contractor Relationship Agency Law The . | Business Law with UCC Applications,13e Agency Law Chapter 22 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives Describe the nature of the agency relationship. Outline the doctrine of vicarious liability. Distinguish among the different types of principals. Distinguish among the different types of agents. Distinguish among express, implied, and apparent authority. Learning Objectives Outline the duties of an agent to the principal. Clarify the duties that a principal has in relation to an agent. Name the ways that an agency relationship can be terminated. Identify who is entitled to a notice that an agency has ended. Explain electronic agency. Agency Law The Nature of Agency Law Agency and Other Relationships The Question of Liability Agency Law Agency and Other Relationships Principal-Agent Relationship Employer–Employee Relationship Master–Servant Relationship Proprietor–Independent Contractor Relationship Agency Law The Question of Liability Contract Liability Tort Liability Criminal Liability Statutory Liability The Economic Reality Test Sovereign Immunity and the Federal Government Sovereign Immunity, Respondeat Superior , and the States Agency Law Principles of Agency Law Types of Principals and Agents Liability of Principals and Agents Scope of an Agent’s Authority Agency Law Scope of an Agent’s Authority Express, Implied, and Apparent Authority Implied authority Apparent authority Agency by Ratification Authority by Statute Appointment of Subagents Exceptions to the Delegation of Authority Agency Law Duties in Agency Law Agent’s Obligations to a Principal The Principal’s Obligations to the Agent Agency Law Agent’s Obligations to a Principal Obedience and Loyalty Judgment, Prudence, Skill, and the Duty to Account Personal Service and Communication Remedies Available to the Principal Agency Law The Principal’s Obligations to the Agent Compensation Reimbursement Indemnification Cooperation with the .
