LAW 633 Lecture Notes - Lecture 7: Independent Contractor, Fiduciary
31 May 2020
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Duty to act in accordance with express and implied terms of contracts. A reasonableness standard is often read into the full time and attention provisions: duty to act within scope of actual authority and to comply with lawful instructions. 8. 09: duty to use reasonable efforts to provide principal with facts when ( 8. 11), the principal wants them or the facts are material to agent"s duties, and, facts do not violate superior duty owed to another, r3d (agency), 8. 06. Principal has duty to indemnify agent: in accordance with contract between them, or default rules , when agent transacts within scope of actual authority, or. Page 1 of 4: transacts for the benefit of the principal unless the agent acts officiously, or, when agent suffers a loss that should fairly be borne by the principal by their relationship, rash v. j. v. Manager-agent of tulsa location of business sub- contracted with a business he owned, but never disclosed to the principal.
