Methods of forming a Principal Agent Relationship

The video tutorial explains different types of agency relationships: express, implied, ratification, estoppel, and necessity. Express agency involves a clear agreement between principal and agent. Implied agency is inferred from actions and circumstances. Ratification occurs when a principal accepts an agent's actions after the fact. Estoppel arises when a third party reasonably believes an agency exists due to the principal's actions. Lastly, agency out of necessity is when an agent acts on behalf of a principal who cannot act themselves.

What is an express agency and how can it be established?

Explain how an agency relationship can be implied from the facts of a situation.

What does ratification mean in the context of agency relationships?

Describe the principle of estoppel and how it relates to agency.

What is an agency out of necessity and when does it occur?