- I can define agency
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- I can explain the difference between an agent and a principal
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- I can distinguish between an agent and an independent contractor
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- I can explain the difference between creating an agency by estoppel, retification and by statute.
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- I can explain who the parties are in an agency relationship
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- I can identify agreements requiring licensed agents
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- I can identify the two situations that can arise when minors are agents.
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- I can explain the difference between actual authority, express authority and power of attorney authority
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- I can distinguish between actual and apparent authority
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- I can give examples of a general agent, special agent, subagent agent and an agen's agent.
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