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Business LibreTexts

4.20: Agency Relationships

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  • 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.


    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.