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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
Card Set
Chapter 4
Description
Authorized Relationships: Duties and Disclosures
Updated
4/25/2012, 2:36:09 AM
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