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Business Law- Agents

AB
Actual AuthorityThe express and implied powers of an agent
Partially disclosed agentAgent that is given the authority to work with a third party but forbidden to reveal the identity of the principal
Special AgentAgent that is given the authority to perform specific tasks
Third PartyThe person or company whom the agent deals with on behalf of the principal
General AgentAgent that is given the authority to perform a variety of tasks
CoagentsTwo or more agents working together
PrincipalIndividual who gives authority to the agent
Agents AgentAn agent appointed by another agent without the knowledge or consent of the principal
Gratuitous agentAgent that works for free
SubagentAn agent appointed by another agent with the knowledge and consent of the principal
Apparent AuthorityThe powers of the agent are created by law or circumstance


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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