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Ch 22: The Role of Agency in Business Law Lesson Plans

About This Chapter

The Role of Agency in Business Law chapter of this course is designed to help you plan and teach the students in your classroom about an agent's fiduciary duties, tort and contractual liability, and other topics. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

Weekly Syllabus

Below is a sample breakdown of the Role of an Agency in Business Law chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.

Day Topics Key Terms and Concepts Covered
Monday Agency relationship: definition, principles and problems;
Fiduciary duties of an agent
The roles of the principal and agent in a business relationship;
The five categories of fiduciary duties
Tuesday Duties and responsibilities of a principal;
Contractual liability and authority of a principal
The importance of compensation, indemnification, and good faith and fair dealing;
An explanation of actual and apparent authority
Wednesday Contractual liability of an agent The differences between disclosed and partially-disclosed principal
Thursday Tort liability in agency relationships: definition and law Instances in which a principal is liable for an agent's wrongful acts
Friday Terminating agency relationships Valid legal reasons for the termination of agency relationships

7 Lessons in Chapter 22: The Role of Agency in Business Law Lesson Plans
Test your knowledge with a 30-question chapter practice test
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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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