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

Week 6 Discussion Bo...
In my community, there is an abandoned open theater area that is turning into a garbage dumping site. This open dumping can threaten the health of humans, wildlife, and the environment. The local coal...

Week 6 Discussion Board
Week 6 Discussion Board

In my community, there is an abandoned open theate

Week 7 DQ 2_16372144...
Social media is a great tool to bring immediate action and attention to any issue. When months of mails and efforts do not work, one direct message, one tag and a social media platform can do the wond...

Week 7 DQ 2
Week 7 DQ 2

Social media is a great tool to bring immediate ac

Discussion 1s_163786...
When I first heard the word psychology, I readily connected it to psychological aspect and thought that it must be something to do with mind and brain. But before taking up a course on psychology I di...

Discussion 1
Discussion 1

When I first heard the word psychology, I readily

Ch 32 Agency Formation & Duties Assignment

Ch 32 Agency Formation & Duties Assignment

Q 1) It is stated that agency relationships are consensual..how does that different than contractual? Can you give an example of an agency relationship that is NOT contractual? 2) Can you distinguish between the agent's duty of loyalty and obedience? 3) Does the agent guarantee successful performance? 4) True or false: whether someone is an employee or an independent contractor depends on what the person paying him wants him to be. If false, then what are the criteria for that determination?

View Related Questions

Solution Preview

View Complete Solution
The requirement or non-requirement of consideration is something which forms the basis of an agency and a contractual relationship. This is because in case of a agency relationship, there is no requirement of consideration (Clarkson, Miller & Cross, 2016). However, in case of contractual relationship, consideration is required/mandatory. In case of contractual relationship, the physical performance of any one of the parties to the contract cannot be controlled by either of the parties even after the formation of the contract stating that there would be something done for a particular contractual party by another party.