BLBU 2234 Chapter Notes - Chapter 20: Respondeat Superior, Apparent Authority

• School: Fordham University
• Department: Business Law (Gabelli Undergraduate)
• Course: BLBU 2234
• Professor: Capello

Document Summary

3rd party interact: types of authority, actual authority: agent"s authority derived from express/implied consent that principal manifests to agent, apparent authority: agent"s authority derived from acts/conduct of principal that lead. Tort liability of the principal: direct liability of principal, principal liable for his/her own tortious conduct involving use of agents, vicarious liability of principal for unauthorized acts of agent, principal"s vicarious liability depends on whether agent is employee. If employee, principal is liable, even if employee is in flagrant disobedience of employer"s instruction if tort committed w/in scope of employment (doctrine of respondeat superior: employer has right to indemnify employee. Criminal liability of the principal: principal liable for authorized criminal acts of agents only if principal directed/participated in/approved the acts. Contract liability of agent: agent can be held liable if exceeds actual & apparent authority/if expressly assumes liability of contract on behalf of disclosed principal.