TAILIEUCHUNG - Lecture Business law: The ethical, global, and e-commerce environment (13/e): Chapter 36 - Mallor, Barnes, Bowers, Langvardt

When you finish this chapter, you should: Know when an agent has authority to bind a principal to a contract, understand when an agent may be liable on contracts s/he makes for the principal, recognize when an agent’s conduct makes a principal liable for torts committed by the agent. | Agency Law The Agency Relationship Third-Party Relations of the Principal and the Agent 8 McGraw-Hill/Irwin Business Law, 13/e © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Third-Party Relations of the Principal and the Agent P A E T R H C 36 “We cannot all be masters.” William Shakespeare, Othello, Act 1, Scene 1 Learning Objectives Contract liability of the principal Contract liability of the agent Contract suits against principal and agent Tort liability of the principal Tort liability of the agent Tort suits against principal and agent 36 - Generally, a principal is liable on a contract made by agent if agent had express, implied, or apparent authority to make the contract Agent’s liability to third parties for a contract made on behalf of a principal depends on whether principal was disclosed (not liable) or undisclosed (liable) Contract Liability 36 - An agent’s actual authority may be express (by words) or implied (by conduct) Apparent authority arises if

• Quản trị kinh doanh
• Contract liability of agent
• Implied warranty of authority
• Business law
• Business ethics
• E commerce environment
• Regulation of business
• Federal regulation of firms
• State regulation of firms
• Business and society
• Business Government and Regulation
• The Roles of Government and Business
• Interaction of Business
• The Influences of Government
• Dynamic business law
• Lecture Dynamic business law
• Legal environment of business
• Securities regulation
• Exchange commission
• Disclosure laws
• Environmental regulation
• Agency enforcement
• Nature of corporations
• Sole proprietorship
• Forms of business
• Bankruptcy plan
• Bankruptcy code
• Negotiable instruments
• Pay money
• Due course
• Effects of indorsement
• Liability of parties
• Warranty liability
• Check collection
• Electronic funds transfers
• Agency relationship
• Agency authority
• General duties
• Management powers
• Partners joining partnership
• Nonwrongful dissociations
• Limited liability companies
• Limited partnerships
• Preincorporation contracts
• Financing corporations
• Management of corporations
• Corporate powers
• Shareholders’ rights
• Shareholders’ liabilities
• Professional responsibilities of auditors
• Securities professionals
• Administrative law
• Investigative power