Saturday, May 17, 2014
What is the difference between a general agent and a special agent?
General v. Special Agent
· General agent
o Authorized to conduct a series of transactions involving continuity of service. Restatement (Second) of Agency § 3(1).
§ Does not require “fresh authorization” for each transaction
· Special agent
o Authorized to conduct a single transaction or series of transactions not involving continuity of service. Restatement (Second) of Agency § 3(2).§ A special agent can only bind undisclosed principals to contracts made by the agent with a third party within the scope of the agent’s authority. (Third-parties are more limited in holding a principal liable for the actions of a special agent than the actions of a general agent)
Earning a Juris Doctor (JD) degree is a significant accomplishment, opening a wide array of career paths beyond the traditional legal practi...
Class 1: Elements of Fundamental Value: Present Value, Future Value, Net Present Value: Elements of Fundamental Value (38) One year : ...
I can help you land in the top 10% of your law school class. Imagine, how your life would be different if you were in the top 10% o...
Corthell v. Summit Thread Company (1933) · Facts: Corthell is a salesman for Summit. He invents contraption that is bought b...