Agency & Partnership

This course covers formation of the principal/agent relationship, authority of the agent to bind the principal in contract (express, implied, and apparent authority, ratification), the tort liability of principals and employers for the action of agents and employees (direct versus vicarious liability), fiduciary obligations of agents and employees, and termination of the agency relationship with resulting liability.

In the area of partnership materials, the emphasis is on the most recent version of the Uniform Partnership Act and the treatment of formation, authority, partnership and partner liability, fiduciary obligations, dissolution, and termination of the partnership relationship.