MCS 3040 Chapter Notes - Chapter 13: Sports Agent, Estoppel, Fiduciary
15 Nov 2017
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A relationship that exists when one party represents another in the formation of legal relations. Agent: a person who is authorized to act on behalf o another. Principal: a personal who has permitted another to act on her or his behalf. Agency by estoppel: an agency relationship created when the principal acts such that third parties reasonably conclude that an agency relationship exists. Agency by ratification: an agency relationship created when one party adopts a contracted entered into on his behalf by another who at the time acted without authority. Actual authority: the power of an agent that derives from either express or implied agreement. Apparent authority: the power that an agent appears to have to an outsider because of conduct or statements of the principal. Case: doiron v devon capital corp, 2003 abca 336, 20 alta lr (4th) 11: how can companies like manulife minimize the risk of liability for the actions of its.
