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?

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

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What does ratification mean in the context of agency relationships?

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

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

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