LAW 603 Study Guide - Winter 2018, Comprehensive Midterm Notes - Real Property, Government Of Ontario, Lien
Document Summary
Lecture 1 - agency and other methods of carrying on. The person or legal entity on whose behalf they are acting is the principal. Class 1 fact scenario 1: arguments for, fergus is a new sales representative and the bank should reasonably have been aware of or at least questioned his right to sign the contract on behalf of ubs; It was reasonable for the bank to believe that a sales representative would have the authority to sign such a contract. Concept summary 20. 1, p. 521: case brief 20. 1, p. 520. Class 1 fact scenario 3: agent"s fiduciary duty. Agent"s duty of care: the agent must take reasonable care in the performance of its responsibilities. If the duty of care is breached, the agent is liable to the principal for any consequential loss. Distributorships: one party contracts with another party to sell its goods. It may also include after-sales activities on its behalf (e. g. , warranty service).
