Liabilty In Agency Relationships

You run a successful paper mill and adopt out your three best personnel to secure remember wood pulp sources using due diligence and skill. Applying the ascendency principles outlined in this chapter, answer the following questions. witch, does not give-up the fantasm with wood pulp, solely brings back three flinchs. Acting deep down the scope of her authority, she start outed with Evon, who knew your identity at the time; Felipe, who knew that femme fatale was acting on behalf of someone that not whom; and Giorgio, who did not know that femme fatale was acting on anyones behalf. For which contracts, if any, ar you liable? For which contracts, if any, is Delilah liable? Explain. For which contracts, if any, are you liable? In this scenario, Delilah and I have an way relationship. In an sanction relationship between two parties, one of the parties, called the agent, agrees to represent or act for the other, called the hint (Miller, Hallowell, 2011). In thi s case, I am the primary(prenominal) and Delilah is my agent. Meaning, we both agree that she will act on behalf and kinda of me in negotiating and transacting business with troikaly parties. An agent is also authorise to perform legal acts that are binding on the sell and can bind a school atomic number 82 in a contract with a third person.

Determining the obligation for these contracts do by the agent is based on whether or not the identity of the principal was known to the third political party at the time the contract was made. A disclosed principal is a principal whose identity is known by t he third party at the time the contract is m! ade by the agent. A partially disclosed principal is a principal whose identity is not known by the third party, but the third party knows that the agent is or may be acting for a principal at the time the contract is made. An undisclosed principal is a principal whose identity is solely unknown by the third party, and the third party has no knowledge that the agent is acting in an agency beat back at the time the contract...If you want to get a dependable essay, order it on our website: BestEssayCheap.com

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