November 14, 2011 - Agency Relationships in Business (Chapter 23)

1. Define fiduciary relationship.

2. Define employee.

3. Define independent contractor.

4. List four criteria used by the courts to determine if a worker is W-2 or 1099.

5. Brief Lopez v. El Palmer Taxi, Inc.

6. What is agency by agreement?

7. What is agency by ratification?

8. What is agency by estoppel?

9. What is agency by operation of law?

10. What are the agent's duties to a principal?

11. What are the principal's duties to an agent?

12. What is express authority?

13. What is a power of attorney?  Does it terminate on death?

14. What is implied authority?

15. Brief Ermoian v. Desert Hospital.

16. What is apparent authority?

17. What are the requirements for "ratification"?

18. Define disclosed principal.

19. Define partially disclosed principal.

20. Define an undisclosed principal.

21. What is the difference between an authorized act and an unauthorized act?

22. What is an e-agent?

23. Brief Warner v. Southwest Desert Images, LLC.

 24. Briefly describe the five ways in which agency relationships are terminated. (hint: page 599).

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