BA

3 flashcards · Other · by Summer Young

1. Creation of agency relationship:

   agency law addresses the legal consequences of one person, the agent, acting on behalf of, and subject to the control of another person, the principal

2. agent

   For a corporation it is typically a director, officer or other employee. For a partnership it is typically a partner or employee.

3. principal

   typically, an employer such as a corporation or a partnership