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13 Cards in this Set
- Front
- Back
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a person may be deemed to have had the power to act as an agent for another party if the other party's manifestations to a 3rd party led the 3rd party to believe that an agency existed when, in fact, it did not
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apparent authority
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principal whose identity is known to a 3rd party at the time the agent makes a contract with the 3rd party
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disclosed principal
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a computer program, electronic, or other automated means used to perform specific tasks without review by an individual
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e-agent
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in most states, a rule stating that express authority given to an agent must be in writing if contract to be made on behalf of the principal is required to be in writing
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equal dignity rule
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give by one party to another. Agent to act for a principal if both parties agree that an agency relationship exists in which agent had power to act in place of the principal
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express authority
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authority that is created not by an explicit oral or written agreement but an implication. Can be conferred by custom, infeered from the position the agent occupies, or implied by virtue of being reasonably necessary to carry our express authority
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implied authority
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public official authorized to attest to the authenticity of signatures
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notary public
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principal whose identity is unknown by a 3rd person, but 3rd person konws the agent is or may be acting for a principal at time the agent and 3rd party for a contract
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partially disclosed principal
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written document, which is usually notarized, authorizing another to act as one's agent; can be special or general
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power of attorney
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act of accepting and giving legal force to an obligation that previously was not enforceable
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ratification
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"let the mater respond"
doctrine under which a principal or an employer is held liable for the wrongful acts committed by agents or employees while acting within the course and scope of their agency of employment |
respondent superior
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principal whose identity is unknown by a 3rd person, and the 3rd person has no knowledge that agent is acting for a principal at the time the agent and 3rd person form a contract
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undisclosed principal
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legal responsibility placed on one person for the acts of another
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vicarious liability
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