LAW1101 SCC Application Questions for Agency Questions

LAW 1101Business Law
Application Questions for Agency
Directions: Follow the instructions below to answer the
questions provided. You will then submit this file to the
dropbox included in the topic. MAKE SURE TO READ EACH
QUESTION ENTIRELY. The boxes will expand as you type, if needed.
1. Your book lists 5 types of agency. You will be directed to select one type of agency and to
write a story problem. For example:
Story problem: Garcon has authority to alter Belle’s legal relationships with 3rd parties by
entering into contracts on Belle’s behalf. To restrict Garcon’s authority, Belle must explicitly spell
out the limitations on his authority. What type of agent is Garcon? Why do you think so?
Answer: Garcon is a general agent. His powers are broad rather than specific, and he can enter
into contracts on Belle’s behalf. Because it is so broad, Belle must spell out any limitations.
1. Select one type of agency that is not general agent. Without naming the agency, write a
story problem describing the agency. Provide enough detail that a classmate will be able
to read the problem and tell you the type of agency you described. (See the example
above.)
2. State the answer to your story problem. Applying information from the book to your
story problem, explain why this is the correct answer. (See the example above.)
2. Principals and Agents have many duties, including fiduciary duties and general duties.
a) Select one duty. Without naming the duty, create a story problem in which an agent (or
principal) either does, or does not fulfill the duty. (Frequently more than one duty
applies to a situation. Try to emphasize one particular duty.) Provide enough detail that
a classmate will be able to identify the type of duty described and whether the duty was
fulfilled or breached.
b) State the type of duty you described. Applying information from your book to your story
problem, explain whether the duty was fulfilled or breached.