Agency Law (Intro)

The video tutorial introduces the concept of agency, identifying the primary parties involved: the principal, the agent, and third parties. It discusses the types of principals and agents, including employees and independent contractors, and their respective duties. The tutorial also covers the termination of agency relationships, the authority of agents, and the potential liability of principals for agents' actions. It explains vicarious liability, particularly the doctrine of respondeat superior, and what constitutes actions within the scope of employment, including exceptions like frolic and detour.

What are the primary parties involved in an agency relationship?

• Principal, Agent, and Third Parties

• Employer, Employee, and Contractor

• Buyer, Seller, and Broker

• Manager, Worker, and Client

How is an independent contractor different from an employee in an agency relationship?

• Employees work for multiple principals, unlike independent contractors.

• Independent contractors have more authority than employees.

• Employees are always agents, while independent contractors may not be.

• Independent contractors are not considered agents.

What is the term for the authority an agent has that is not explicitly stated but is necessary to carry out their duties?

• Implied Authority

• Actual Authority

• Apparent Authority

• Delegated Authority

What does the legal doctrine 'respondeat superior' refer to?

• The authority of an agent to act on behalf of a principal

• The responsibility of an agent for their own actions

• The liability of a principal for the actions of an agent

• The termination of an agency relationship

What is an exception to conduct within the scope of employment?

• Frolic and Detour

• Vicarious Liability

• Implied Authority

• Respondeat Superior