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14 Cards in this Set
- Front
- Back
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A situation in which conduct of a principal causes a third party to believe that the principal consents to have an act done on his behalf by a person purporting to act for him when, in fact, that person is not acting for the principal.
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Apparent authority
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(1) The harm that a plaintiff complains of at trial, such as an injury to her person or money lost because of a contract breach. (2) Money awarded by a trial court for injury suffered.
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Damages
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Out of fairness, a person is denied the right to assert a claim.
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Estoppel
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Conduct of a principal that, reasonably interpreted, causes the agent to believe that the principal desires him to do a specific act.
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Express authority
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An obligation to behave in a trustworthy and confidential fashion toward the object of that duty.
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Fiduciary duty
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If the third party in an agency relationship knows the identity of the principal, that principal is fully disclosed.
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Fully disclosed principal
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When a principal directs an agent to undertake a transaction, the agent has the right to do acts that are incidental to it, usually accompany it, or are reasonably necessary to accomplish it.
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Implied authority
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A promise to pay someone else's obligations.
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Indemnification
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Someone who undertakes tasks for others and whose work is not closely controlled
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Independent contractor
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If the third party in an agency relationship knows that the agent is acting for a principal, but does not know the identity of the principal, that principal is partially disclosed.
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Partially disclosed principal
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In an agency relationship, the principal is the person for whom the agent is acting.
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Principal
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A rule of agency law holding that a principal is liable when a servant acting within the scope of employment commits a tort that causes physical harm to a person or property.
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Respondeat superior
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An agent whose work is closely controlled by the principal.
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Servant
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If a third party in an agency relationship does not know that the agent is acting for a principal, that principal is undisclosed.
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Undisclosed principal
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