Shared Flashcard Set

Details

Agency
NY Bar
13
Law
Professional
07/14/2015

Additional Law Flashcards

 


 

Cards

Term
vicarious liability for torts of agent
Definition
1. principal-agent relationship
2. tort was committed within scope of that relationship
Term
principal-agent relationship
Definition
1. assent
2. benefit
3. control
Term
vicarious liability for independent contractors
Definition
generally NONE
exceptions: inherently dangerous activities; estoppel (holding out as agent)
Term
scope of principal-agent relationship
Definition
frolic (new independent journey) NOT within scope
detour (mere departure) is within scope
-also, conduct of the kind agent was hired for and conduct agent intended to benefit principal are within scope
Term
vicarious liability for intentional torts
Definition
generally outside scope
exceptions: authorized, natural, or motivated by desire to serve principal
Term
liability for contracts by agent
Definition
principal is liable for contracts entered into by its agent ONLY IF the principal authorized agent to enter it; authorized agent NOT liable except for undisclosed principal
Term
authorization for agent contracts
Definition
1. express
2. implied
3. apparent
4. ratification
Term
express authority for contracts
Definition
oral/private is enough, unless K itself must be in writing
revocation: unilateral act by either OR death of principal (but survives incapacity w/ power of attorney)
Term
implied authority for contracts
Definition
1. necessity
2. custom
3. prior dealings
Term
apparent authority for contracts
Definition
1. principal cloaked agent w/ appearance of authority; AND
2. 3rd party reasonably relies on appearance
Term
ratification for contracts
Definition
1. knowledge of all material facts; AND
2. accepts benefits
exception: cannot alter terms
Term
duties agent owes to principal
Definition
1. care
2. obey reasonable instructions
3. loyalty
Term
duty of loyalty
Definition
1. no self-dealing
2. no usurping principal's opportunity
3. no secret profits
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