Understanding the Scope of the Agency Relationship

The video tutorial explains the scope of agency relationships, focusing on the differences between general and limited agents. Limited agents have specific authority for particular tasks, while general agents possess broad authority similar to the principal. Examples include attorneys as limited agents and employees as general agents. The tutorial highlights how the scope of authority is defined and perceived by third parties.

How does the agreement between the principal and the agent outline their relationship?

Can you provide examples of general agents and limited agents?