The Nature Of Agency

The Nature of Agency In the Nature of Agency ikon several(prenominal) lawful issue are presented. The issues revolve around a contract and the legal authority to sign into that contract do as mover for the owners of the company evolved. The purpose for this paper is to swirl the different forms of operation covered in the video and deposit if the employees had the legal authority to sign the company into a covering contract. Hal and Karen are partners that own Quick Takes mental picture. They are cosmos sued by Non Linear Pro over a undertake for edit equipment that Hal found to be unsatis positionory and returned before a rental expired. Non Liner Pro is seeking to recover monies owed to them for the lease of the equipment. partial of the partners knew of; or signed the lease. The correspondence was signed by Janet an employee of the company. Janet did non receipt she was sign language a lease. It was not presented as a lease and Janet assumed it was a delive ry slip. Quick Takes idiot box is arguing the nature of the contract because Janet did not know she was subscribe the contract, it was verbally expressed as a trial offer, and the intersection point did not perform. This was the legal course for the company until Karen brought up the fact that neither she nor Hal had entered into a lease. Janet did not have the authority.

This brings up the legal issue of agency. Did Janet have the authority to act as an mover and sign into a lease for the partners? Was she acting as an agent of Hals when she signed the lease agreement? In the schoolbook book Business Law: The Ethical , Global, and E-Commerce Environment the aut! hors meet and see the creation of an agency relationship. An agency is created by the manifested agreement of two parties that one party (the agent) will act for the value of the other (the principle) under the principles direction. As the term manifested suggest, the test for an agencys existence is objective. If the parties behavior and the surrounding facts and circumstances evoke an...If you exigency to get a full essay, order it on our website: OrderCustomPaper.com

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