Law of Agency

Mr. Slim Jim verbally submitted an offer to Mr. Potbelly who proceeded to accept Mr. Slim Jims’ offer unequivocally (pg. 122). The “Basic Requirements of a Contract” (pg. 107) were completed. In this bilateral contract (pg. 107), “Communication of Acceptance” (pg. 123) was evident as Mr. Potbelly responded “Sure I’ll take it” when Mr. Slim Jim submitted an offer for the pottery and enthusiastically replied “I’ll take it!” when Mr. Slim Jim gave him an offer of cash for his home. As a result of this, Mr. Slim Jim is suing for the “right to obtain specific performance” asking that the agreement be upheld. Also, according to “admissions” (one of the “exceptions to the statutes of frauds” (pg. 175) Mr. Potbelly’s agreement should be upheld.

Agency law is a relationship between a principal and in agent in which the agent is legally authorized to act on the behalf of the principal.

The structure and agency debate is a common one in the field of sociology and different theorists come up with different ways of accounting for the actions of social actors. This essay takes the position that structuration solves the problem of this much contested debate. Initially key concepts and elements of structuration will be pointed out .These elements include structure, agency, social systems and power amongst many others. Subsequently, there will be engagement of a discussion of different schools of thought and finally it will be demonstrated how structuration prevails over the structure-agency debate.

The supplier in this scenario could additionally sue the agent as well for damages on the basis of misrepresentation of authority.

In the district court trial, the jury sided with the plaintiff and ruled that the St. Louis Hockey Club was vicariously liable for the plaintiff’s injuries. The trial court agreed with the plaintiff’s argument that as per the doctrine of respondeat superior, the defendant was liable for their employee’s negligent actions that led to the plaintiff’s injuries. As part of their

Another imperative principle of Stakeholder Engagement is that those involved in the engagement must take responsibility. For there to be good governance within a company every relevant person must engage continuously with the stakeholders.

Case 9 deals with a homeowner (the principle) who lists her property for sale and enters into an agreement with an agent to facilitate a sale with a third party. Over the course of the agency agreement a prospective buyer inspected the property but didn’t make an offer before the agency agreement expired. The legal issue that arises comes after the agency agreement expires. The prospective buyer later decided to put in an offer, which was accepted, but once discovering that the agreement between the principle and agent had expired brought legal action against the agent.

12. Which of the following torts committed by an agent is the liability of the principal?

Plaintiff is informed and believes and thereon alleges that each of the Defendants was the agent and employee of each of the remaining Defendants and was at all times acting within the purpose and scope of such agency and employment.

Beach J discussed the meaning of Attorney Rules 15 – see [84]. He criticised it as unclear, it seeming to deal only with conflict between duty & interest, not duty & duty.

When Kallessi paid the supplier’s two invoices out of the five, even though Maya had the restrictions on her and the suppliers were unaware of them, the suppliers thought that Maya had the authority to place those orders. This kind of authority is known as ostensible authority which the agent is held out as having. This can be seen in the case International Sponge Importers V Watt and Sons 1911 SC (HL) 57, where International Sponge Importers were the principal and the salesman was the agent and Watt and Sons were the third party. Here, the salesman had no authority to receive payments except for crossed cheques made to the company (the principal). Watt and Sons bought sponges from the salesman and paid by cheques made to the salesman. The sponge company knew about this but had not objected. After the salesman ran away with money, International Sponge Importers tried to sue Watt and Sons for the money that had been paid to the salesman directly but Watt and Sons were deemed not liable to pay as the salesman was held out as having the authority to receive the payments directly. The International Sponge Importers V Watt and Sons case can be differed from the case of Watteau V Fenwick [1893] 1 QB 346. In this case, the manager was the agent and his employer was the principal and the suppliers were the third party. Even though the manager was prohibited from buying

The relationship between structure and agency is a key discussion point in sociology. The concept was brought to life by the sociologist Georg Simmel, but has been discussed by many other famous theorists, such as Emile Durkheim and Max Weber. The partnership between structure and agency are crucial to the development of society, and the process of individualization.

Petrenko. A. Employee responsibility [Power Point Slides]. Retrieved from Lecture Notes Online Web site: https://moodle.yorku.ca/moodle/course/view.php

Describe how the concept of agency affected the parties’ legal positions in the case study. Did the agents help or harm their clients? Why?

Agency issues arise when one party (principal) gives another party (agent) an authority to act on his behalf. In this context, the principal is the investor while the professional hedge fund