As a chief executive office, you are responsible only to the board of directors. Felicity, Ethan, Desiree and Cody do bidding to one extent or another. All of you have contact with third parties on the firm's behalf. Who is principal? Agent? Employee? Independent contractor?

Ethan negotiates on GSC's behalf amarketing campaign that includes rebates to the firm based on the number of hits to its links on its web site and games.Ethan arranges for the payments to go in to his personal account. When the company learns of this they file suit against Ethan. What remedies are possible? What duties are there on each party?