Differences between express implied and applied authority
Write an analysis in a minimum of 1,050 words in which you include the following:
- Analyze and discuss the difference between express, implied, and apparent agency relationships.
- Describe when an agent may be liable for tort when acting on behalf of a principal.
- Describe when a principal may be liable for tort when an agent is acting on behalf of a principal.
Identify and describe how an agency relationship is terminated.
An agency relationship is a business relationship in which the agent is given legal authority to act on the principals’ authority when making any deals with a third party. Agency relationships must have both the agent and the principal…………………………….