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Bar Exam Agency: Contract Liability (Authority) Flashcards

Master 16 agency: contract liability (authority) concepts for the Bar Exam.

Actual Authority

4 cards

Question

When does an agent have actual express authority?

Question

When does an agent have actual implied authority?

Apparent Authority

4 cards

Question

When does an agent possess apparent authority such that the principal is bound by the agent's actions?

Question

Under what circumstances can an agent have lingering apparent authority after their actual authority has been terminated?

Ratification and Other Theories

4 cards

Question

What must be shown for an act to be considered ratified by the principal?

Question

When is ratification of an unauthorized act effective, and can the principal alter the terms?

Liability of Agent on Contracts

4 cards

Question

When is an agent liable on a contract made on behalf of a disclosed principal?

Question

When is an agent liable on a contract made on behalf of a partially disclosed principal?

Also study

Agency: Formation and Termination9Agency: Tort Liability (Vicarious Liability)13Agency: Fiduciary Duties9General Partnerships: Formation and Nature9General Partnerships: Relations Among Partners14General Partnerships: Third-Party Liability7General Partnerships: Dissociation and Dissolution11Limited Partnerships (LP) and Limited Liability Partnerships (LLP)8

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