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Business LibreTexts

4.20: Agency Relationships

  • Page ID
    11587
  • What you’ll learn to do: list , describe and explain the essential elements of a valid agency agreement and describe its limitations

    In this section, you’ll learn about principals, agents, contractors and their liabilities in contract agreements.

    LEARNING ACTIVITIES

    The learning activities for this section include:

    • Reading: Introduction to Agency and the Types of Agents
    • Reading: Duties between Agent and Principal
    • Reading: Principal’s Contract Liability
    • Reading: Principal’s Tort and Criminal Liability
    • Reading: Agent’s Personal Liability for Torts and Contracts; Termination of Agency

    Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.