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What is agency? Who are the parties to the agency relationship? How is the agency relationship created? What are the different types of authority an

  • What is agency? Who are the parties to the agency relationship?
  • How is the agency relationship created?
  • What are the different types of authority an agent has?

Define actual authority. Define apparent authority.

  • How is an agent given their authority?
  • What are the different types of liability an agent has?
  • Explain the concept of "fiduciary duty."

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Agency refers to a legal relationship in which one party called the agent acts on behalf of another party called the principal The agent is authorized to perform certain acts or make decisions on beha... blur-text-image

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