Chapter 4

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An agents employer is called

Principal
Special Agent

authorized by the emplyer to perform a single act.
General Agent

has the principals authority to act for him or her on a continuing basis, but with authority limited to a specific trade or business
Universal Agent

authorized to act for and represent the principal in all matters, without limitation. This agency is generally authorized by a power of attorney.

Author:	lacyelliott
ID:	149929
Filename:	Chapter 4
Updated:	2012-04-25 02:36:09
Tags:	Authorized Relationships
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Description:	Authorized Relationships: Duties and Disclosures
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