Liabilty In Agency Relationships

You run a successful paper mill and get under ones skin out your three best personnel to secure impudent wood pulp sources using due diligence and skill. Applying the strength principles outlined in this chapter, answer the following questions. witch, does not give-up the sense of touch with wood pulp, solely brings back three flinchs. Acting in spite of appearance the scope of her authority, she graveled with Evon, who knew your identity at the time; Felipe, who knew that femme fatale was acting on behalf of someone scarcely not whom; and Giorgio, who did not know that femme fatale was acting on anyones behalf. For which contracts, if any, ar you liable? For which contracts, if any, is Delilah liable? Explain. For which contracts, if any, are you liable? In this scenario, Delilah and I have an way relationship. In an government agency relationship between two parties, one of the parties, called the agent, agrees to represent or act for the other, called the hint (Miller, Hallowell, 2011). In this case, I am the primary(prenominal) and Delilah is my agent. Meaning, we both agree that she will act on behalf and alternatively of me in negotiating and transacting business with ordinally parties. An agent is also empowered to perform legal acts that are binding on the chaffer and can bind a sensation in a contract with a third person.

Determining the obligation for these contracts do by the agent is based on whether or not the identity of the headspring was known to the third political fellowship at the time the contract was made. A disclosed principal is a pr incipal whose identity is known by the third! party at the time the contract is made by the agent. A partially disclosed principal is a principal whose identity is not known by the third party, but the third party knows that the agent is or may be acting for a principal at the time the contract is made. An undisclosed principal is a principal whose identity is on the whole unknown by the third party, and the third party has no knowledge that the agent is acting in an agency contract at the time the contract...If you want to get a or so essay, order it on our website: OrderCustomPaper.com

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