BUL 3310 Legal Environment of Business Agency © 2011 Darren A. Prum, MBA, JD.

Slides:



Advertisements
Similar presentations
McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 19 Agency and Liability to Third Parties.
Advertisements

Objective 3.02 Understand agency law
CHAPTER 29 AGENCY: CREATION AND TERMINATION
AGENCY RELATIONSHIP OF PRINCIPAL AGENT THIRD PARTIES And Independent Contractors v. Employee Status.
Chapter 32 Agency Liability to Third Parties and Termination BUSINESS LAW: Text & Cases — Legal, Ethical, International, and E-Commerce Environment 11.
Agency Law for Business Associations Spring 2010 Professor Robert Rosen 1. Formation.
Fundamentals of BUSINESS ORGANIZATIONS FOR PARALEGALS Third Edition
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 37 Agency Twomey Jennings Anderson’s Business Law and the Legal.
Business Law and the Regulation of Business Chapter 30: Relationship with Third Parties By Richard A. Mann & Barry S. Roberts.
Chapter 29 Agency Formation and Termination
Agency Law OBE 118 Fall 2004 Professor McKinsey The first step in understanding employment law is understanding what an agent is. Agency law also complements.
Copyright © 2004 by Prentice-Hall. All rights reserved. PowerPoint Slides to Accompany BUSINESS LAW E-Commerce and Digital Law International Law and Ethics.
THE LEGAL ENVIRONMENT OF BUSINESS © 2009 Pearson Education, Inc. publishing as Prentice Hall Ch The Legal Environment of Business A Critical Thinking.
© 2010 Pearson Education, Inc., publishing as Prentice-Hall 1 AGENCY FORMATION AND TERMINATION © 2010 Pearson Education, Inc., publishing as Prentice-Hall.
Principal, Agent and Third Parties. Principal’s Liability Principal is liable for contracts entered into by an agent acting with authority. Principal.
Agency Law Objective 3.02 Understand agency law. What is agency law? Area of law dealing relationships created between two parties in which the principal.
Agency Law & Business Entities Chapters in Text Book.
P A R T P A R T Agency Law The Agency Relationship Third-Party Relations of the Principal and the Agent 8 McGraw-Hill/Irwin Business Law, 13/e © 2007.
C HAPTER 19 – A GENCY Copyright © 2011 by Jeffrey Pittman.
Agency Law The first step in understanding employment law is understanding what an agent is. Agency law also complements our understanding of both contract.
19 Agency © Oxford University Press, All rights reserved.
AGENCY. Introduction Agency One person acts for the benefit of and under the direction of another Agent Person acting for the benefit of another Principal.
Agency Formation and Termination. FOCUS Do you need an agent? List situations that you would want an agent to deal for you.
1 MAN-3 Erlan Bakiev, Ph. D. Agency Formation and Duties MAN-3 Erlan Bakiev, Ph. D. Agency Formation and Duties.
Agency Chapter 17. Agency Relationship between two parties in which one party (agent) agrees to represent or act on behalf of another party (principal)
Agency Law. “If you want something done right, do it yourself.” “Many hands make light work.” Anonymous folk sayings.
Principal’s Liability for Contracts The principal is bound by the acts of an agent if: – the agent has authority, or – the principal, for reasons of fairness,
AGENCY The Agency Relationship. Creation of Agency An Agreement of two parties that on party (the agent) will act for the benefit of the other (the principal)
What is the difference between an employee and an independent contractor? What is the difference between an employee and an independent contractor? How.
© 2007 West Legal Studies in Business, A Division of Thomson Learning Chapter 22 Agency Relationships.
BLW 273 Business Law I Sales & Leases © 2009 Darren A. Prum, MBA, JD.
Law for Business Mr. Bernstein Notes, pp , Agency January 12, 2015.
Determining “Agency” Liability in CONTRACT The analysis begins with the question,
Topic 11 Business Law. Topic 11: Learning Objectives Describe and distinguish between the elements of agency, suitability, fiduciary responsibility and.
Copyright © 2004 by Nelson, a division of Thomson Canada Limited CANADIAN BUSINESS AND THE LAW Second Edition by Dorothy Duplessis Steven Enman Shannon.
Agency Law-. What is a Principal ? A party who delegates authority to another party.
INTRODUCTION TO TOURISM AND HOSPITALITY LAW
Business Law with UCC Applications,13e Agency Law Chapter 22 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
© 2006 Prentice Hall Ch THE LEGAL ENVIRONMENT OF BUSINESS A Critical Thinking Approach Fourth Edition Nancy K. Kubasek Bartley A. Brennan M. Neil.
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 38 Third Persons in Agency Twomey Jennings Anderson’s Business.
BUL 3310 Legal Environment of Business Criminal Law Criminal Procedure Criminal Law Criminal Procedure © 2011 Darren A. Prum, MBA, JD.
Slides developed by Les Wiletzky Wiletzky and Associates Copyright © 2006 by Pearson Prentice-Hall. All rights reserved. PowerPoint Slides to Accompany.
BUL 3310 Legal Environment of Business Introduction © 2011 Darren A. Prum, MBA, JD.
Chapter 33 Agency Formation and Duties Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Chapter 18 Creation of an Agency.
C HAPTER 15 – A GENCY. T YPES OF E MPLOYMENT R ELATIONSHIPS Employers hire individuals (or other firms) to allow the employer to accomplish its mission.
AGENCY. Definition of Agency A fiduciary relationship. –Trust and confidence Mutual agreement of two persons –that one person (agent) will act on the.
Chapter 18 Agency Law. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.18-2 The Agency Relationship Agency relationships are formed.
Agency Jody Blanke Professor of Computer Information Systems and Law.
Chapter 18.  A fiduciary relationship “which results from the manifestation of consent by one person to another that the other shall act in his behalf.
BLW 273 Business Law I Common Law Contracts © 2009 Darren A. Prum, MBA, JD.
PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 4E, by Henry R. Cheeseman Chapter 13 Agency Law Prentice Hall © 2005.
McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 10 Agency and Employment Relationships.
29 - 1Copyright © 2004 by Prentice-Hall. All rights reserved. The Law of Agency The Law of Agency.
Copyright © 2010 South-Western Legal Studies in Business, a part of South-Western Cengage Learning. and the Legal Environment, 10 th edition by Richard.
Corporate & Business Law (ENG). 2 Section D: The formation and constitution of business organisations Designed to give you knowledge and application of:
Chapter 28 Agency Relationships In Business. 2  What is the difference between an employee and an independent contractor?  What duty to agents and principals.
BUL 3310 Legal Environment of Business Management of Employee Welfare © 2009 Darren A. Prum, MBA, JD.
Principal-Agent, Employer-Employee, and Third-Party Relationships
Introduction to Agency and Business Organizations
AGENCY FORMATION AND TERMINATION
What is Commercial law? Commercial law, also known as business law, is the body of law that applies to the rights, relations, and conduct of persons.
Objective 3.02 Understand agency law
Jody Blanke Professor of Computer Information Systems and Law
Jody Blanke Professor of Computer Information Systems and Law
Objective 3.02 Understand agency law
Objective 3.02 Understand agency law
Employment Relationships
Common Law Rules in Employer-Employee Relations
PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 5E, by Henry R. Cheeseman Chapter 19 Agency Law Prentice Hall © 2007.
Presentation transcript:

BUL 3310 Legal Environment of Business Agency © 2011 Darren A. Prum, MBA, JD

BUL 3310 Agency Agency - “the fiduciary relation [that] results from the manifestation of consent by one person to another that the other shall act in his behalf and subject to his control, and consent by the other so to act” (Restatement of Agency 2d) Agency - “the fiduciary relation [that] results from the manifestation of consent by one person to another that the other shall act in his behalf and subject to his control, and consent by the other so to act” (Restatement of Agency 2d) Agent Agent Principal Principal Fiduciary Relationship Fiduciary Relationship © 2011 Darren A. Prum, MBA, JD

BUL 3310 Agency Types of Relationships Types of Relationships Employer-Employee Employer-Employee Employer-Independent Contractor Employer-Independent Contractor Determining an Employee’s Status Determining an Employee’s Status © 2011 Darren A. Prum, MBA, JD

BUL 3310 Agency Formation Formation Scope of Authority Scope of Authority Actual Actual Apparent Apparent Ratification Ratification © 2011 Darren A. Prum, MBA, JD

BUL 3310 Agency Liability for Contracts Liability for Contracts Liability for Torts Liability for Torts © 2011 Darren A. Prum, MBA, JD

BUL 3310 Agency Termination Termination Act of the Parties Act of the Parties Operation of Law Operation of Law © 2011 Darren A. Prum, MBA, JD

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.