Login

Ch 22: The Role of Agency in Business Law: Help and Review

About This Chapter

The Role of Agency in Business Law chapter of this College-Level Introductory Business Law Help and Review course is the simplest way to master the role of agency in business law. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure students learn the essentials of the role of agency in business law.

Who's it for?

Anyone who needs help learning or mastering college business material will benefit from taking this course. There is no faster or easier way to learn college business topics. Among those who would benefit are:

  • Students who have fallen behind in understanding agency relationship or working with the various types of agency
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning business content (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about the role of agency in business law
  • Students who struggle to understand their teachers
  • Students who attend schools without extra business learning resources

How it works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing the Role of Agency in Business Law chapter exam.

Why it works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the Role of Agency in Business Law chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any question about the role of agency in business law. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students will review:

This chapter helps students review the concepts in a Role of Agency in Business Law unit of a standard college business course. Topics covered include:

  • Fiduciary duties of an agent
  • Duties and responsibilities of a principal
  • Contractual liability of an agent
  • Tort liability in agency relationships
  • Terminating agency relationships

8 Lessons in Chapter 22: The Role of Agency in Business Law: Help and Review
Agency Relationship: Definition, Principles & Problems

1. Agency Relationship: Definition, Principles & Problems

Agency relationships always involve an agent and a principal, though the agency relationship can arise in various ways. This lesson explains agency relationships.

Fiduciary Duties of an Agent

2. Fiduciary Duties of an Agent

Agency relationships are fiduciary relationships. This means the agent is obligated to act in the best interests of the principal. This lesson explains the fiduciary duties agents owe to their principals.

Duties and Responsibilities of a Principal

3. Duties and Responsibilities of a Principal

Agency relationships require both a principal and an agent. Each of these parties owes certain duties and obligations to the other. This lesson explains the obligations principals owe to their agents.

Contractual Liability & Authority of a Principal

4. Contractual Liability & Authority of a Principal

Many business transactions are conducted through the use of agency relationships. This means an agent conducts business on behalf of a principal. This lesson discusses the liability of a principal for contracts made by an agent.

Contractual Liability of an Agent

5. Contractual Liability of an Agent

An agent with authority normally can't be held personally liable for a contract made on behalf of a principal. This lesson explains those special circumstances when an agent may be held liable for a contract.

Tort Liability in Agency Relationships: Definition & Law

6. Tort Liability in Agency Relationships: Definition & Law

In certain circumstances, a principal will be held liable for his or her agent's torts. This lesson explains the liability of a principal for an agent's torts, including the doctrine of respondeat superior.

Terminating Agency Relationships

7. Terminating Agency Relationships

Many business transactions are conducted using agency relationships. The agent's actions can bind the principal, so it's important to know when the agency relationship ends. This lesson discusses terminating agency relationships.

Apparent Authority: Definition, Cases & Example

8. Apparent Authority: Definition, Cases & Example

After you finish this lesson, you'll understand what constitutes apparent authority. Moreover, you'll examine a case and examples to get a heightened understanding of apparent authority.

Earning College Credit

Did you know… We have over 95 college courses that prepare you to earn credit by exam that is accepted by over 2,000 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support