Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Storied Reflection_1...
This topic really made me think hard about what experiences and relationship communication I would like to write about. All our lives have experienced a shift due to the corona virus pandemic that str...

Storied Reflection
Storied Reflection

This topic really made me think hard about what ex

Quiz 6_1677745924.do...
1.building permits 2.$125,000 3.$5,500 4.$31,200 5.$12,500

Quiz 6
Quiz 6

1.building permits 2.$125,000 3.$5,500 4.$31,2

Chapter 2 Assignment...
1. In the past I’ve experienced many conflicting roles and had relationships with a variety of people. I try to focus on similar interests and celebrate transitioning new experiences but the culture s...

Chapter 2 Assignment
Chapter 2 Assignment

1. In the past I’ve experienced many conflicting

Ch 33 Agency Liability & Termination Assignment

CH 33 Agency Liability & Termination Assignment

Q 1) Discuss the four (4) ways that a principal could be found contractually liable to a third party for an agent's actions. 2) Discuss how an agent can be found contractually liable personally for his/her actions. 3) Lets say you retained a real estate agent to sell your home for the next 6 months. Describe at least three different ways that the principal/agent relationship might be terminated. 4) on page 636 states that "both parties may have the power to terminate the agency they may not posses the right to terminate". What does that mean?

View Related Questions

Solution Preview

View Complete Solution
The first way in which a principal could be found contractually liable to a third party for an agent’s actions could be when there is negligent behavior shown by the principal (Clarkson, Miller & Cross, 2016). This is because there can be harm caused in this way. The second way could be when there is an authorization of an agent by a principal towards the commitment of a tort. This is because in such a case, the liability of the principal will be on the injured property or on the injured individual/individuals.