Business Law

Card Set Information

Author:
rebekaheh
ID:
83524
Filename:
Business Law
Updated:
2011-05-03 14:34:07
Tags:
Chapter Thirty One
Folders:

Description:
Agency Formation and Duties
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  1. A relationship between two parties in which one party (the agent) agrees to represent or act for the other (the principal).
    Agency
  2. As a noun, a person having a duty created by his or her undertaking to act primarily for another's benefit in matters connected with the undertaking. As an adjective, a relationship founded on trust and confidence.
    Fudiciary
  3. One who works for, and receives payment from, an employer but whose working conditions and methods are not controlled by the employer. An ____ is not an employee but may be an agent.
    Independent Contractor

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