BLAW 3201 Study Guide - Handgun, Respondeat Superior, Summary Judgment
Document Summary
Disclosed principal- principal whose existence and identity are known. Partially disclosed principal- principal whose existence is known and identity is not known. An example would be an auctioneer who sells on behalf of a seller not identified. who is. Undisclosed principal- principal whose existence and identity are not known. Authority- power of an agent to change the legal status of the principal. Actual authority- power conferred upon the agent by actual consent given by the principal. Actual express authority- actual authority derived from written or spoken words of the principal. Actual implied authority- actual authority inferred from words or conduct manifested to the agent by the principal. Ex: pearson authorizes rob to manage her 82 apartment complex but says nothing about expenses. In order to manage building, rob must employ a janitor, purchase fuel for heating and arrange orderly maintenance. These expenses are necessary to run the apartment. unit the.
