Employer - Employee Law
Learn more about the law of agency and the relationship between principal and agency with this business course.Publisher: Christine Williams
CertificationView course modules
This law of agency course will first introduce you to the relationship between the agent and principal. You will learn that the principal gives authority to the agent to act on their behalf. You will study the three types of authority a principal can give to an agent which are the actual authority, the apparent authority, and the ratified authority. You will also learn about agent obligations to a principal and the limits of agent authority.
You will then study the types of agency authority and learn the difference between apparent authority and actual authority. You will learn why a principal may need to pay for agency decisions even when there are no actual agency decisions. This course will also discuss how to save a failed agency delegation. You will also look into agent obligations and the limits of agent authority and also study corporate agency and partnership agency.
By the end of this course, you will have learned about incorporation requirements, costs, taxation, and liability. You will have studied the agency for a partnership and the duties of the board of directors and officers. You will also learn the consequences if board members do not do their job. Check out the course and enhance your knowledge of the laws behind businesses and corporations.
Introduction to the Law of Agency, Agent Principal Relationships and the Types of Authority.
Introduction to the Law of Agency - Learning Outcomes
Principal - Agent Relationships
Types Of Agency Authority
Introduction to the Law of Agency - Lesson Summary
Having completed this course you will be able to:
- Describe the meaning of the law of agency
- List the different types of authority a principal can give to an agent. Recount the agents obligations to a principal
- Outline the roles of the shareholders, board of directors and officers in a corporation
- Define the terms 'due diligence', 'fiduciary duty' and 'scope of authority'
- Detail the concept of 'partnership agency'
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