Law of Agency Flashcards

Front

Power not explicitly given to an agent

Back

Implied Agency

Front

The power a principal explicitly gives an agent in words, orally or in writing, to act for the principal

Back

Express Agency

Front

The person who has authorized an agent to represent him or her

Back

principal

Front

The person the agent does business with on behalf of the principal

Back

third party

Front

The person who has been authorized to represent someone else

Back

agent

Front

Who is the principal in the scenario where Phil represented Kolin in a real estate transaction when Kolin sold his house to Markita?

Back

Kolin

Front

Who is the third party in the transaction where Phil represented Kolin in selling his house?

Back

Markita

Front

What term identifies Eduardo in the context of Luna selling his car as his agent?

Back

Principal

Front

Who is the agent in the transaction where Phil represented Kolin in a real estate transaction when Kolin sold his house to Markita?

Back

Phil