Agency

A. What does the legal concept of agency mean?

B. Who can serve as an agent or a principal?

C. Describe the different types of agency relationships.

D. Explain the criteria for the creation of an agency relationship.

E. Provide two (2) examples of an agency relationship.

Authority and Duties

A. Authority

a. Define different types of authority an agent might have?

b. Why is it important to identify the type of an agent's authority?

c. Provide a summary of a court ruling that applied the legal concept of authority.Provide the citation for the case.

B. Duties

a. List the duties of the agent.

b. List the duties of the principal.

Employee versus Independent Contractor

A. Identify the criteria that determine employees versus independent contractors.

B. Who owns the output of a work project?

C. When can an independent contractor enter into a contract on behalf of the principal?

D. Provide a summary of a court ruling that applied the legal principle of employee versus independent contractor. Provide the citation for the case.

short answer

A. Describe the life cycle of a partnership.

B. List which stage you feel is the most important and why.

C. Provide three (3) examples of partnership companies.