BUSA 2106 - LEGAL ENVIRONMENT: AGENCYEdwin K. PalmerAgencyAGENCYA relationship between two parties where one acts as a representative of the other for a legal purpose.Agency vs. Independent Contractor Agency vs. Independent Contractor … the right thing or the wrong thing for your business, particularly in this economic environment… and the issues are?  Control ResultsAgency Formalized Agencyo Power of Attorneyo Equal Dignity Rule Agency by Ratification Agency by Estoppel Agency by Operation of Lawo Registered Agent for Corporation/Business o Family Purpose Doctrineo And moreDuties Duties of Agents to Principals o Performanceo Notificationo Loyaltyo Obedienceo Accounting Duties of Principals to Agentso Compensationo Reimbursement and Indemnificationo Cooperationo Provide a safe work placeAgent’s Authority and Contracts Scope of Agent’s Authority in the World of Contractso Actual Authority – Express and Impliedo Apparent AuthorityLiabilities Liability for Contracts –Principal’s/Agent’s/Both???o Disclosed Principalo Partially Disclosed Principalo Undisclosed Principal How to sign the Contract so as to CYALiabilities Liability for Agent’s Torts Doctrine of Respondeat Superior All about facts…and the many ways of looking at it…coming and going rule/frolic and detour Liability of Principal for Intentional Torts of Agent Liability of Principal for Tort of the Independent Contractor Termination of Agency