When the third party knows that the agent is making an agreement on behalf of a principle and also knows who the principle is, the principle is this.
What is a disclosed principle.
100
When an agent illegally benefits from the agency relationship, the principle may enact this on the profits, goods or property in question.
What is a constructive trust.
100
The agent's most important duty.
What is Loyalty
100
If an agent has no authority to act on behalf of the principal but still enters into a contract with a third party, the principle's responsibility is this.
What is No responsibility to the third party.
100
This duty requires the Principle to pay as agreed.
What is Compensation
200
If the third party is aware of the principle's existence but not her identity, the principle is this.
What is a partially disclosed principle/unidentified principle.
200
When an agent breaches an agency contract or his fiduciary duties, the principle may use this to nullify any contract the agent negotiated.
What is Avoidance
200
The Agent's duty to communicate offers from third parties and any other information that the agent thinks could be important to the principle.
What is Notification
200
If an agent has no authority to act on behalf of the principal but still enters into a contract with a third party, the agent's responsibility is this.
What is personal responsibility to the third party
200
This duty requires that the principle pay back the agent for any authorized expenditures in the course of working on behalf of the Principle.
What is Reimbursement
300
IF the third party does not know that an agent is acting on behalf of a principal, the principle is this.
What is an undisclosed principle.
300
If a principle is sued because of the agent's negligence, the principle has this to recover the amount of any judgment against the principle.
What is Indemnification
300
The agent's duty to do what he promised to do along with the duty to use the same skill, care and professionalism as a reasonable person would use.
What is Performance.
300
An agent who goes beyond his authority when the principal is disclosed or partially disclosed are liable for this.
What is Breach of Implied Warranty.
300
The principle owes this duty to the agent to assist in the performance of the agent's duties.
What is Cooperation
400
A doctrine which assigns the principle liability without fault for any harm the agent causes while working for the principal.
What is Respondeat Superior
400
An agent who feels she has not been sufficiently compensated may demand this.
What is An accounting
400
The agent's duty to follow the lawful instruction and direction of the principle.
What is Obedience
400
An agent who acts within the scope of their authority on behalf of a disclosed principle has this for the acts of the principle.
What is No liability.
400
The principle owes this duty to the agent to maintain and repair the agent's employment environment.
What is safe working conditions.
500
Types of termination of agency by operation of law are
What are death, insanity, bankruptcy and changed circumstances.
500
An agent who believes she has not been paid as agreed by the principal can do this.
What is withhold further performance of her duties until she is paid.
500
If the agent breaches their duty, these types of remedies are available to the principle.
What is Contract and Tort damages.
500
If an agent acts with her authority on behalf of an undisclosed principle she will have this to a third party.
What is liability
500
If the principle breaches their duties to the agent, the agent's remedies are...